Boralex has secured 42MW in France’s first technology-neutral tender, covering wind, solar and hydropower.
The tender was conducted by the Ministry of Ecological Transition and Territorial Cohesion of France.
The 42MW comprises three projects, all of which have received the necessary administrative authorisations and will allow Boralex to benefit from a feed-in premium contract for 20 years.
“Mature, competitive renewable energies are key to achieving France’s energy transition and essential when it comes to strengthening the country’s energy sovereignty.
“Despite the French government’s recent decision to retroactively modify our contracts and conditions of sale on the electricity markets, we remain committed to contributing to the development of renewable energies, as we have been doing for over 20 years in Europe.
“However, we call on the government and decisionmakers to be vigilant and avoid any new retroactive measure as well as any intervention that affects the integrity of electricity markets.
“Any change in regulation is detrimental to attracting private investment in France and, consequently, to achieving the national decarbonisation objectives set by the State,” said Patrick Decostre, President and Chief Executive Officer of Boralex.