Boralex Inc. (TSX: BLX) said April 13 that it is commissioning two wind farms for a total of almost 33 MW in France and starting construction on a 16-MW hydroelectric station in Ontario, Canada.
“Following analysis and development of the Yellow Falls hydroelectric project for which the rights had been acquired previously, Boralex finally started to work on its first hydroelectric power station in Ontario,” stated Boralex President and CEO Patrick Lemaire.
With a total capacity of 16 MW, the Yellow Falls hydroelectric station is located on the Mattagami River, 18 kilometers south of the municipality of Smooth Rock Falls. The project consists of a powerhouse containing two 8 MW turbines (16 MW total) that are closely coupled to the intake, concrete dam and spill facilities across the Mattagami River.
Construction of Yellow Falls, which is 75% owned by Boralex, will require between C$90 million and C$95 million in investments and the power station is slated for commissioning in the first quarter of 2017. The project is estimated to generate 67 Gwh of power. Yellow Falls has an initial 20-year power sales contract with four renewal options each for a five-year period, at Boralex’s discretion.
Boralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the corporation operates in Canada, France and the United States, with an asset base of more than 1,140 MW of capacity, of which 970 MW are under its control. Boralex is also developing, both independently and with partners, a number of energy projects of which over 140 MW of power will be commissioned by the end of 2017.