Commercial commissioning of the first phase of the Plateau de Savernat wind farm

LILLE, France, Dec. 23, 2016 /CNW Telbec/ - Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) is pleased to announce commercial commissioning of the Plateau de Savernat wind power project located in the Auvergne-Rhône-Alpes Region on the communes of Lamaids, Quinssaines (Montluçon urban community) and Saint-Martinien (Pays d'Huriel community of communes).

The project comprises six wind turbines with a total installed capacity of 12 MW. A further two wind turbines will complete the wind farm in April 2017 in a second phase of construction, bringing installed capacity to 16 MW. The whole project will generate approximately €2.5 million ($3.5 M) in annual run-rate EBITDA(A).

"This is the culmination of 10 years of work, study and discussion among the specialists, local actors and government services," noted Patrick Decostre, Vice President and General Manager of Boralex Europe. "Plateau de Savernat, which becomes our 32nd wind farm in operation in France, marks our entry into the department of Allier, and we're very proud of that."

Covered by a 15-year energy purchase contract with Électricité de France (EDF), construction on the project has supported operations for a dozen businesses since February 2016. Direct economic spinoffs of approximately €115,000 per year will be paid to the communities in business premises contributions (CFE), contributions on business value added (CVAE), the flat-rate tax on network businesses (IFER) and property taxes. The wind farm will power nearly 30,000 homes per year throughout its operating life.

À propos de Boralex
Boralex développe, construit et exploite des sites de production d'énergie renouvelable au Canada, en France et aux États-Unis. Un des leaders du marché canadien et premier acteur indépendant de l'éolien terrestre en France, la Société se distingue par sa solide expérience d'optimisation de sa base d'actifs dans quatre types de production d'énergie – éolienne, hydroélectrique, thermique et solaire. Boralex s'assure d'une croissance soutenue grâce à son expertise et sa diversification acquises depuis vingt-cinq ans. Les actions et les débentures convertibles de Boralex se négocient à la Bourse de Toronto sous les symboles BLX et BLX.DB.A respectivement. Pour de plus amples renseignements, visitez www.boralex.com ou www.sedar.com.

 

SOURCE Boralex Inc.

For further information: Médias : Julie Cusson, Directrice, Affaires publiques et communications, Boralex inc., 514 985-1353, julie.cusson@boralex.com; Investisseurs: Marc Jasmin, Directeur, relations investisseurs, Boralex inc., (514) 284-9868, marc.jasmin@boralex.com


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