Boralex acquires 338MW of solar and wind development from Infinergy

Jul 6, 2022 04:58 PM ET
  • Canadian developer Boralex has actually obtained renewables developer Infinergy's 338MW pipe of renewables as well as energy storage space developments in the UK.
Boralex acquires 338MW of solar and wind development from Infinergy
Image: Infinergy

The firms had created a joint venture in 2017 to establish onshore wind projects, which will certainly develop part of the purchase and also is composed of 232MW of onshore wind in Scotland. The continuing to be 106MW within the acquisition portfolio is completely possessed by Infinergy.

With the transaction Boralex will certainly incorporate 9 Infinergy personnel located in the UK into its group, alleviating additional development of renewable energy and also storage space projects in the UK. Moreover, the purchase will combine the Canadian developer's presence in Europe as it intends to reach a mounted capacity of 4.4 GW by 2025, prior to increasing it's capacity by the end of the decade.

The developer is presently existing in the UK, Canada, the US and France, with an installed capacity of 2.5 GW and a development portfolio of almost 3GW of solar and wind projects along with 200MW of energy storage.

Patrick Decotre, president and also CEO at Boralex, said: "Building from the fact that Scotland has a very beneficial political climate for renewable energy development, we have actually identified the UK market as a high-potential target for developing onshore wind in addition to solar as well as power storage facilities."

The assets owned by Infinergy in the Netherlands and Australia will still continue to be in its residential property, as well as are not part of the transaction.

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