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Boralex, Énergir and Hydro-Québec join forces to develop three wind projects of 400 MW each on the Seigneurie de Beaupré territory

Boralex, Énergir and Hydro-Québec join forces to develop three wind projects of...

articleBoralex Inc. Class AApril 19, 20225/company/boralex-inc/news/boralex-andxc9nergir-and-hydro-quandxe9bec-join-forces-to-develop-three-wind-projects-of-400-mw-each-on-the-seigneurie-de-beauprandxe9-territory
Boralex, Énergir and Hydro-Québec join forces to develop three wind projects of 400 MW each on the Seigneurie de Beaupré territory

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[{"type":"text","content":"\n \n \n \n Boralex, Énergir and Hydro-Québec join forces to develop three wind projects of 400 MW each on the Seigneurie de Beaupré territory\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n April 19, 2022\n \n \n /CNW Telbec/\n \n -\n \n Boralex inc. (\"Boralex\") (TSX: BLX), Énergir and Hydro-Québec (collectively \"the partners\") are pleased to announce a partnership to develop three wind projects of 400 MW each on the Seigneurie de Beaupré territory. The partnership is in line with Hydro-Québec's intention to develop a portfolio of wind energy projects with experienced partners in Québec.\n \n \n \n \n \n \n \n \n \n Under the agreement, Boralex, Énergir and Hydro-Québec will participate equally in the projects through affiliated companies. The energy generated would be purchased by Hydro-Québec under three power purchase agreements and included in the volume of energy available to supply its various markets. The decision regarding whether each project is carried out will depend on Hydro-Québec's evolving needs.\n \n \n These wind projects would be developed at very beneficial costs and would generate significant economic spinoffs for Québec given that the total investments for the three projects could reach\n \n $3 billion\n \n . The partners have committed to a collaborative approach in designing the projects with the host communities and the Indigenous communities located in the regions involved. Several meetings have already taken place with these communities and the communication will continue throughout the development of the projects.\n \n \n More specifically, the partners are proposing the following projects:\n \n \n \n Des\n \n Neiges Wind Farm\n \n – South, in the RCM of La Côte-de-Beaupré (400 MW)\n \n \n Des\n \n Neiges Wind Farm\n \n – Charlevoix, in the RCM of Charlevoix (400 MW)\n \n \n Des\n \n Neiges Wind Farm\n \n – West, in the RCM of La Côte-de-Beaupré and potentia...

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