Boralex Acquires 50% Stake in Five Wind Farms with 894 MW Capacity
Boralex Inc. announced it has completed the acquisition of EDF Renewables North America’s (EDF Renewables) interest in five operating wind farms with a total installed capacity of 894 megawatts (MW), located in Texas and New Mexico.
January 04, 2023. By News Bureau
EDF Renewables’ interest represents 447 MW of installed capacity. With this acquisition, Boralex's total installed capacity worldwide will increase to 2,956 MW, marking a significant step towards achieving Boralex’s 2025 Strategic Plan.
"Located in one of the United States’ most robust wind resources areas, these wind farms will grow and diversify our presence in the United States. This acquisition represents Boralex's entry into the ERCOT (Electric Reliability Council of Texas) and SPP (Southwest Power Pool) markets,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “This acquisition highlights the strategic, creative, and persistent approach to acquisitions our reputation is built upon. I am extremely proud of the Boralex team who worked together to make this a reality.”
“Considering EDF Renewables’ extensive development capabilities throughout North America, divestures provide an opportunity to rebalance our portfolio of owned assets," said Luis Silva, Chief Financial Officer, EDF Renewables. “We are grateful to have worked constructively with the local stakeholders in Texas and New Mexico over the last decade and are pleased to partner with Boralex on this transfer of ownership.”
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