Canadian renewables company Boralex has closed the acquisition of the controlling interests in a 210MW portfolio of US solar plants.
The purchase price was $215.6m after certain adjustments made as per the acquisition agreements.
The solar plant portfolio comprises five located in California and one each in Alabama and Indiana.
They were commissioned between 2014 and 2017 and benefit from long-term power purchase agreements (PPAs) with the Regents of the University of California, Alabama Power Company, PG&E, Southern California Edison, City of Palo Alto and Indianapolis Power & Light.
Alabama Power has not exercised the right of first refusal it had regarding the Lafayette solar plant.
Following the transaction, Boralex’s total installed capacity worldwide stands at 2455MW.