MONTREAL – Boralex Inc. (TSX:BLX) is taking steps to increase its presence in France, including completion of a number of wind power projects that it recently acquired.
The Montreal-based company says the developments will require about C$225 million of investments over the next two years.
Construction is expected to begin in June.
With the acquisition, Boralex gains access to a major pipeline of projects, of which over 150 megawatts may be commissioned in 2017 and 2018.
Boralex currently operates 500 MW of generating capacity in France and has development projects representing nearly 850 MW of capacity, including the recent acquisition.