FRAMPTON, QC, Sept. 8, 2016 /PRNewswire/ - The Municipality of Frampton ("Municipality") and Boralex Inc. ("Boralex") (TSX: BLX) today inaugurated the Frampton community wind farm in the presence of André Spénard, Member of the National Assembly (MNA) for Beauce-Nord, Jacques Soucy, Mayor of the Municipality of Frampton, and Patrick Lemaire, President and CEO of Boralex.
Commissioned in December 2015, the project, which is located on private land in the Municipality of Frampton, has 12 wind turbines with a total capacity of 24 MW and will supply electricity to nearly 5,000 Quebec households every year until 2035. Owned one-third by the Municipality and two-thirds by Boralex, the wind farm represents an investment of $80 million. It will allow the Municipality to receive over $500,000 in average annual revenue over the next 20 years, in addition to having generated significant economic benefits for the region during construction.
At the inauguration, Mr. Lemaire recognized the exceptional collaboration between the project team, the Municipality and its citizens, and acknowledged the steadfast support of the owners of the land on which the wind farm was built. "This project was signed, built and commissioned within one year, the result of outstanding teamwork between Boralex and the Municipality of Frampton, which also saved $1 million on construction costs. Another achievement that fills me with pride!"
"The Municipality of Frampton is very proud of its wind farm! The Municipal Council was extremely pleased to partner with Boralex's team, which skillfully carried out this project," Mr. Soucy said. During his speech, he also acknowledged the professionalism of Boralex's staff and the close collaboration of each stakeholder throughout the process.
For the occasion, a tour of the wind farm will be given at 4 p.m. this Thursday, September 8, to allow the residents of the municipality to see the facilities up close that are usually off limits to the public.
This is the third community wind farm project commissioned in Quebec by Boralex in less than two years.
Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States. A leader in the Canadian market and France's largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB.A, respectively. More information is available at www.boralex.com or www.sedar.com.
SOURCE Boralex Inc.