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Article: Boralex completes financing and acquisition of a new wind farm in France.
- Article from:
- Energy Weekly News
- Article date:
- October 23, 2009
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Boralex Inc. ("Boralex" or the "Corporation") announces that it has arranged financing with BNP Paribas for its new wind farm in France. This acquisition, subject to closing conditions, was announced earlier on July 16, 2009.
The total investment amounts to C$25.1 million ((euro)15.9 million). Under the master credit agreement concluded in June 2007, about C$20.3 million ((euro)12.8 million) is immediately available to finance the project. The financing obtained represents more than 80% of the total investment and provides Boralex with access to funds for a 15-year period, at an average interest rate of about 5%.
This 9.2 MW wind farm located in the ...