Wind power project in Quebec acquired by Boralex

Boralex Inc. has acquired an electricity supply agreement for a wind power project with an installed capacity of 50 MW. Boralex said it plans to develop the project in the Témiscouata Regional County Municipality (RCM) in Québec.

Hydro-Québec has approved the agreement's transfer by Venterre NRG Inc. to Boralex. The 20-year contract was awarded in response to the Hydro-Québec Distribution 2008 call for proposals for 2,000 MW of wind power, and start up is slated for late 2015.

Boralex plans to build the wind farm on land that is publicly owned by Saint-Elzéar-de-Témiscouata and Saint-Honoré-de-Témiscouata.

The project remains subject to the necessary prior approvals, including the required regulatory permits, the signing of a firm agreement with the turbines supplier and the financing.

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