December 2 (Renewables Now) - Canadian renewables developer Boralex Inc (TSE:BLX) said today it has commenced commercial operations at the 24-MW Seuil du Cambresis wind farm in France’s Nord department.
The power plant consists of seven V117 turbines by Denmark’s Vestas Wind Systems (CPH:VWS), with a capacity of 3.45 MW each, the combined output of which is expected to exceed 74,400 MWh per year. The produced electricity will help save almost 5,580 tonnes of carbon dioxide (CO2) emissions annually.
The wind farm will operate under a 15-year feed-in premium agreement and is seen to add around EUR 4.8 million (USD 5.3m) to Boralex's annualised earnings before interest, tax, depreciation and amortisation (EBITDA). Its construction was supported by debt that the Canadian developer recently refinanced as part of a CAD 1.7 billion (USD 1.28bn/EUR 1.16bn) deal.
After commissioning the Cambresis wind park, Boralex has expanded its installed wind power capacity to 2,037 MW, of which 975 MW in France. The company aims at having 1,000 MW of operational wind assets in France by 2020.
(EUR 1.0 = USD 1.101)
(CAD 1.0 = USD 0.752/EUR 0.683)