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France: Boralex wins 42MW

In France, Boralex announces that three of its projects have won a call for tenders covering wind, solar and hydro power.

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In France, Boralex announces that three of its projects have won a call for tenders covering wind, solar and hydro power.

Three projects under development in France

In France, Boralex will develop three projects, totaling 42MW. Indeed, the company won the first technology-neutral call for tenders of the Ministry of Ecological Transition and Territorial Cohesion. Patrick Decostre, President and Chief Executive Officer of Boralex, said:

“Mature and competitive renewable energies are essential to the success of France’s energy transition and essential to strengthening the country’s energy sovereignty. Despite the French government’s recent decision to retroactively modify our contracts and conditions of sale on the electricity markets, we remain committed to contributing to the development of renewable energies, as we have been doing for over 20 years in Europe. However, we call on the government and decision-makers to be vigilant and avoid any new retroactive measures or interventions that undermine the integrity of electricity markets. Any regulatory change is detrimental to attracting private investment to France and, therefore, to achieving the national decarbonization goals set by the state.”

Boralex specifies that the projects in France receive the necessary administrative authorizations. As such, they will allow Boralex to benefit from a feed-in tariff contract. In addition, the feed-in tariff contract runs for 20 years from the start of commercial operation.

An international presence

In France, Boralex has a portfolio of approximately 1.5GW of wind and solar projects at various stages of development. In addition, the company currently has more than 1.1GW of wind and solar facilities in operation. In addition, globally, the company currently owns approximately 2.5GW.

Boralex is the leading independent producer of onshore wind power in France. In addition, the company also has facilities in the United States and development projects in the United Kingdom. Finally, the company is looking to develop a portfolio of nearly 4GW of wind and solar projects.

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