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September 18, 2016

Boralex completes acquisition of windpower projects in France and Scotland

Boralex has completed the acquisition of a 200MW portfolio of windpower projects in France and Scotland, as well as around 8,500ha of land for construction.

Boralex has completed the acquisition of a 200MW portfolio of windpower projects in France and Scotland, as well as around 8,500ha of land for construction.

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The CAD103m (€70m) deal includes a 23.5MW project in Scotland and a 51MW ready-to-build project in Brittany, France.

The project in Scotland is at an advanced stage of development, while construction of the Brittany project will start this year with commissioning expected in Q2, 2019. The total investment needed to complete the project in France is estimated at €97m.

"The CAD103m (€70m) deal includes a 23.5MW project in Scotland and a 51MW ready-to-build project in Brittany, France."

Other projects in Scotland also included in the deal are at preliminary stages of development.

Over the next few months, Boralex will consider the potential sale of its acquired land. If the firm makes a decision, then  real estate rights in favour of the company for the future development of wind power projects will be maintained.

Boralex has made the acquisition using its existing revolving credit facility and cash resources. It is also in advanced talks with BNP Paribas regarding a 24-month bridge loan of almost €45m, expected to close by the end of this month.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
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