MONTREAL, June 30, 2011 /CNW Telbec/ - Boralex Inc. ("Boralex" or the
"Corporation") has inaugurated its first solar park, with an installed
capacity of 4.5 MW, in the Midi-Pyrenees region in France.
A number of dignitaries, including Jean-François Pagès, mayor of
Avignonet-Lauragais and the town council, attended the ceremony to mark
the inauguration of the Avignonet-Lauragais solar park. Located on the
same site as the Corporation's wind farm of the same name, which has an
installed capacity of 12.5 MW, the two parks establish the first mixed
renewable energy site in France.
"With the start-up of our first solar park, Boralex is again
diversifying its sources of energy and furthering its growth," says
Patrick Lemaire, President and Chief Executive Officer of Boralex. He
adds that "this first step into solar power will not be our last: our
next ones will be made carefully, based on our experience with this
first project, in order to create a place for ourselves in this
industry in France or elsewhere."
Patrick Decostre, General Manager of Boralex Europe, notes that "the
solar park is part of our plan for sustainable development not only in
terms of the renewable energy generated locally, but also in the
environmental enhancement of the site through the reintroduction of
non-crop field plants that have been extirpated from the Lauragais
Boralex will act on its commitment to protect biodiversity by careful
management of the site and shoreline farmland, particularly with
respect to irrigation and non-use of pesticides. The partnership
between Boralex and the WWF exemplifies the integration of biodiversity
management in renewable energy development.
The Avignonet-Lauragais solar site covers about 13 hectares and is
composed of 20,320 photovoltaic panels with Q-Cells. Moreover, Q-Cells
took over the engineering and construction of the site. Average for the
first ten years, the generation of about 5,000 MWh of electricity will
meet the needs (excluding heating) of about 1,750 French households and
avoid the emission of close to 1,100 tonnes of CO2.
Boralex is a power producer whose core business involves developing and
operating renewable energy power stations with a total installed
capacity of 700 MW in Canada, the Northeastern United States and
France. Boralex is also committed under power development projects,
both independently and with European and Canadian partners, to add
approximately 400 MW of power. With nearly 350 employees, Boralex is
known for its diversified expertise and in-depth experience in four
power generation segments — wind, hydroelectric, thermal and solar. Boralex's shares and convertible debentures are listed on the Toronto
Stock Exchange under the ticker symbols BLX and BLX.DB, respectively.
More information is available at www.boralex.com or www.sedar.com.
The Q-Cells Group is one of the world's leading photovoltaics companies and
offers a wide range of photovoltaic solutions, from solar cells and
modules to solar power plants. Q-Cells's products are developed and
manufactured at its headquarters in Bitterfeld-Wolfen (Germany) and
marketed via its global sales network. It also has a second production
plant in Malaysia.
More than 200 scientists and engineers at Q-Cells are working to swiftly
advance solar technology and achieve Q-Cells' twin aims: driving down
the costs of photovoltaics quickly and permanently, and making solar
power competitive. The close links between R&D and production enable
Q-Cells to rapidly translate cutting-edge innovation into mass
production - and underpin its ambition to be at the forefront of
Q-Cells is quoted on the Frankfurt Stock Exchange (QCE; ISIN
DE0005558662) and also listed on the TecDAX, the German technology
Image with caption: "Boralex Wind and Solar Site located in Avignonet-Lauragais, France. (CNW Group/BORALEX INC.)". Image available at: http://photos.newswire.ca/images/download/20110630_C2308_PHOTO_EN_01.jpg
SOURCE BORALEX INC.
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