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Boralex Signs a New Renewable Power Purchase Agreement, to Benefit IBM France
Boralex Signs a New Renewable Power Purchase Agreement, to Benefit IBM France C...
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[{"type":"text","content":"\n \n \n \n Boralex Signs a New Renewable Power Purchase Agreement, to Benefit IBM France\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n and\n \n PARIS\n \n ,\n \n April 29, 2021\n \n /CNW Telbec/ - Boralex Inc. (\"Boralex\" or the \"Corporation\") (TSX: BLX) announces the signing of a corporate PPA\n \n \n 1\n \n \n , through which the Corporation will supply IBM's France-based locations with renewable electricity. The agreement, effective\n \n January 1, 2021\n \n , covers a five-year period.\n \n \n Through this agreement, Boralex, a renewable energy pioneer and the largest independent producer of onshore wind power in\n \n France\n \n , will supply IBM with renewable power, equivalent to 55% of the annual consumption of IBM's\n \n France\n \n -based sites and data centers. This is part of IBM's effort to use 100% renewable electricity in\n \n France\n \n . The power will be sourced from Boralex's wind asset portfolio, specifically from assets whose contracts with EDF will have expired.\n \n \n The final agreement involves three companies on the French market: Boralex, as a green energy producer, will apply its industrial asset management expertise to supply power to IBM France, the final customer, and Axpo Solutions, which will aggregate the renewable power codified in the agreement.\n \n \n \n 2023 strategy and CSR: Boralex confirms its commitments\n \n \n \n With this third corporate PPA signed with a large power-consuming company since 2020, Boralex is staying the course on its 2023 Strategic Plan's pillars to directly contract with such organizations. Boralex, whose first corporate social responsibility report was published February 25, 2021, is commit...