Boralex has completed the acquisition of Invenergy Renewables’ interests in five wind farms totalling 201MW in the Canadian province of Quebec for $215m.
The operational projects were commissioned between March 2012 and December 2016 and comprise Enercon and GE turbines.
They are located in MRC d’Avignon and the MRC des Appalaches regions in eastern Quebec, Boralex said.
All the wind farms have long-term power purchase agreements with Hydro Quebec Distribution that expire between 2032 and 2041.
The acquisitions raise Boralex’s total installed capacity to 1820MW.
Boralex president and chief executive Patrick Lemaire said: “This acquisition contributes to out objective of sustainable and predictable cash flow growth for our investors while supporting the generation of electricity derived from renewable energy for thousands of homes in Quebec.”