Boralex acquires 100 MW of wind power in Ontario

Montr

This wind power project, located in the municipality of Chatham-Kent, will be submitted into the Ontario Power Authority's Request for Proposal III for 500 MW of Renewable Energy Supply likely due this fall. This request for proposal represents one of the measures taken by the Ontario Government in view of obtaining 2,000 MW of renewable energy.

"This strategic acquisition allows Boralex to reinforce its presence in Canada, principally in a region favourable to the production of renewable energy, and in a sector where its expertise is recognized", mentions Patrick Lemaire, President and CEO.

This wind power site was developed by Gengrowth who will continue to work with Boralex on the project. Paul Merkur, President of Gengrowth comments: "This competitive project demonstrates Gengrowth's high quality development expertise and we are excited to be partnering on this opportunity with a first class organization. "

In 2007, Boralex acquired also from Gengrowth, the rights for nine wind farms in this south-western Ontario. These nine wind farms have signed electricity sales contracts with the Ontario Power Authority under Ontario's Renewable Energy Standard Offer Program. The construction of three of these nine farms should start in the fall after obtaining the municipal permits.

Source: IWR Online, 15 Jul 2008