Boralex closes $608m financing in Quebec

Richard Heap

September 11, 2023

Canadian developer Boralex and nine indigenous Innu communities have closed the $608m financing of the 200MW Apuiat wind farm in Quebec, Canada.

The groups have secured the financing from a consortium led by the Desjardins Group, and including international financial institutions CaixaBank, DZ Bank and the Korea Development Bank. The funding includes a $465.3m construction loan, and short-term facilities of $142.7m including a bridging loan and letter of credit facility.

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