Caisse to back Boralex's $215 mln buy of wind farm interests
Kingsey Falls, Québec-based renewable energy company Boralex Inc (TSX: BLX) has agreed to acquire interests in five Québec wind farms with a total net installed capacity of 201 megawatts. Boralex will pay $215 million in cash for the stakes to Invenergy Renewables LLC, an affiliate of Chicago-based Invenergy LLC. The deal will see Boralex increase its net installed capacity to 1,820 megawatts. It plans to fund the buy through a $180 million public offering and a $45 million private placement with Caisse de dépôt et placement du Québec, an existing Boralex shareholder. The Caisse also backs Invenergy, agreeing in May to increase its interest in the company to 52.4 percent.
21 June 2018•10 mins read
