Authorization for Phase II of the Seigneurie de Beaupré wind farms
Monday, Jan 28, 2013MONTREAL, Jan. 25, 2013 /CNW Telbec/ - Boralex Inc. ("Boralex"), Gaz Métro Limited partnership ("Gaz Métro") and Valener Inc. ("Valener") are delighted that the Québec Ministry of Sustainable Development, Environment, Wildlife and Parks has issued the environmental authorization for the Seigneurie de Beaupré - 4 wind farm, a project with an installed capacity of 68 MW located in the Côte-de-Beaupré region.
"Receiving this authorization demonstrates, once again, the quality of the Seigneurie de Beaupré wind power site, as well as our commitment to developing the project in a respectful manner that addresses the concerns of the community which has welcomed us," noted Patrick Lemaire, President and Chief Executive Officer of Boralex, and Sophie Brochu, President and Chief Executive Officer of Gaz Métro. "In fact, after the BAPE environmental approval hearings, the consortium took into account the issues raised by stakeholders and will keep them front and centre as the project is being built."
With the environmental approval stage now behind them, the developers can move ahead with the applications for construction permits and arranging financing with financial institutions.
The Seigneurie de Beaupré wind farms are divided into two phases: a first 272 MW phase that will start up by late 2013 and a second 68 MW phase, for which construction will start as soon as possible now that the authorization has been received from the Ministry. Located on land owned by the Séminaire de Québec, 15 km north of St-Tite-des-caps and 60 km northeast of Quebec City, these projects will generate enough electricity to supply more than 60,000 households.
For more information, please visit the Seigneurie de Beaupré wind farms site at: www.seigneuriedebeaupre.com.
About the Seigneurie de Beaupré Wind Farms
The Seigneurie de Beaupré Wind Farms, with a total contracted capacity of 365 MW, are as of today the largest wind power project in development in Canada.
The first phase of 272 MW (Farms 2 & 3), which is expected to start up in late 2013, and the second phase of 68 MW (Farm 4), which is expected to start operating in late 2014, represent the projects of the Boralex and Gaz Métro/Valener consortium. In addition, the 25 MW Côte-de-Beaupré wind farm built by Boralex in partnership with the Côte-de-Beaupré RCM is expected to start up in 2015.
Boralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the Corporation operates an a sset base with an installed capacity of almost 500 MW in Canada, the Northeastern United States and France. Boralex is also committed under power development projects, both independently and with Canadian and European partners, to add approximately 550 MW of power that will be put in service between 2013 and 2015. With more than 200 employees, Boralex is known for its diversified expertise and in-depth experience in four power generation types -- wind, hydroelectric, thermal and solar. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at www.boralex.com or www.sedar.com.
SOURCE BORALEX INC.