Dec 16 2015
Boralex Inc. is pleased to announce commercial commissioning of the Frampton wind power project, located in Beauce, Canada, with an installed capacity of 24 MW.
President and Chief Executive Officer Patrick Lemaire pointed out that "having acquired this project under development, the exceptional cooperation of the Frampton municipality and support of the local community were key to its completion on budget and on schedule."
Located on private land, the project consists of 12 Enercon E-82 wind turbines and is covered by a 20-year contract with Hydro-Québec. Project construction required investments of approximately $80 million and Boralex expects it to generate annual EBITDA of about $9 million.
Boralex owns 66.7% of this project in partnership with the Municipality of Frampton (33.3%), which, as partner, will receive approximately $500,000 per year, representing voluntary contributions and its share of cash generated by the project.
Source: http://www.boralex.com/