Boralex has achieved financial close totalling €20.4m on the 16MW Plateau de Savernat and 4.6MW Avignonet II wind farms in France.
Almost €17.6m is for the Plateau de Savernat project, which is under construction and is slated for commissioning at the end of the year.
The company said drawdown on the loan is subject to “certain customary conditions which are expected to be lifted shortly”.
The loan will be amortized over 15 years and has a 2.3% interest rate for the full term.
The remaining €2.8m goes to Avignonet II, which was commissioned in 2008 but had yet to be financed.
The loan is amortized over 9.5 years or the remaining term of the power purchase agreement plus an additional two years. The interest rate is 1.72%.
Image: Boralex
