Canadian power producers Boralex Inc (TSE:BLX), Energir LP and Hydro-Quebec have teamed up in an equal partnership to develop three 400-MW wind farm projects in Quebec, they announced today.
The three new sites, named Des Neiges - South, Des Neiges - Charlevoix and Des Neiges - West, would be located close to the existing 364-MW Seigneurie de Beaupre wind farm complex that Boralex and Energir operate.
Under their agreement, Boralex, Energir and Hydro-Quebec will participate equally in the projects through affiliates, and expect the total investment to reach CAD 3 billion (USD 2.38bn/EUR 2.20bn).
Their proposal includes the installation of some 60 to 80 wind turbines per site across the regional county municipalities (RCM) of La Cote-de-Beaupre and Charlevoix, and potentially use the territory of the RCM of La Jacques-Cartier for one section of the development, according to project details.
Hydro-Quebec plans to procure the output of the Des Neiges trio under three power purchase agreements (PPAs). Each project would be developed separately to meet Hydro-Quebec’s electricity needs, the announcement states.
The projects are classified as being in development. The partners are currently conducting field studies and environmental impact studies, carrying out preliminary engineering work and organising consultation sessions.
(CAD 1.0 = USD 0.792/EUR 0.734)
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