MONTREAL, Jan. 15, 2021 /PRNewswire/ - Boralex Inc.
("Boralex" or the "Corporation") (TSX: BLX) announces the closing
of a transaction to redeem the minority shares of its partner,
Aeolis Wind Power Corporation ("Aeolis"), in the Moose Lake Wind
Farm in British Columbia.
The Moose Lake Wind Farm is located in Peace River, British
Columbia. It consists of four wind turbines with an
installed capacity of 15 MW and was commissioned in 2019. At
the time of the transaction, Aeolis had a 30% equity interest.
Boralex acquired this equity interest for C$3.5 million, to which additional matching
could be added, subject to certain future conditions that need to
be met.
About Boralex
Boralex develops, builds and operates renewable energy power
facilities in Canada, France, the United
Kingdom and the United
States. A leader in the Canadian market and France's largest independent producer of
onshore wind power, the Corporation is recognized for its solid
experience in optimizing its asset base in four power generation
types — wind, hydroelectric, thermal and solar. Boralex ensures
sustainable growth by leveraging the expertise and diversification
developed over 30 years. Boralex's shares are listed on the Toronto
Stock Exchange under the ticker symbol "BLX".
More information is available at www.boralex.com or
www.sedar.com. Follow us on Facebook, LinkedIn and
Twitter.
Caution Regarding Forward-Looking Statements
Some of the statements in this press release, including those
regarding the amount of additional purchase prices that may be paid
following the closing, are forward-looking statements based on
current forecasts, as defined by the securities laws.
Boralex wishes to clarify that, by their very nature,
forward-looking statements involve risks and uncertainties, and
that its results, or the measures it adopts, could be significantly
different from those indicated or underlying those statements, or
could affect the degree to which a given forward-looking statement
is achieved.
Unless otherwise specified by the Corporation, the
forward-looking statements do not take into account the possible
impact on its activities, transactions, non-recurring items or
other exceptional items announced or occurring after the statements
are made. There can be no assurance as to the materialization of
the results, performance or achievements as expressed or implied by
forward-looking statements. The reader is cautioned not to place
undue reliance on such forward-looking statements.
Unless required to do so under applicable securities
legislation, Boralex management does not assume any obligation to
update or revise forward-looking statements to reflect new
information, future events or other changes.
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SOURCE Boralex Inc.