Boralex indications $283M offer for managing rate of interests in seven U.S. solar power plants
Nov 23, 2020 04:38 PM ET
- Boralex Inc. has signed a bargain to buy regulating passions in seven solar energy plants in the United States from Centaurus Renewable Energy LLC and also various other capitalists for $283 million.
The bargain includes 5 solar plants in California, one in Alabama and also one in Indiana.
CRE and also other investors will certainly preserve specific non-controlling interests in the possessions.
The operations were appointed between 2014 and also 2017 and gain from long-term power acquisition arrangements.
Boralex chief executive Patrick Lemaire claims the acquisition will certainly mark the business's entry right into the California, Alabama and also Indiana markets and also will be a springboard to additional advancement.
The offer is expected to shut before the end of the year.
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