La Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting
October 11 2022 - 7:00AM
Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is
pleased to announce the commissioning of the La Clé des Champs
solar farm in the municipality of Saint-Christophe-sur-Dolaison, in
the Haute-Loire department (Auvergne-Rhône-Alpes region) of France.
The solar farm consists of more than 28,000
solar panels, for an installed capacity of 9 MWac. It uses a
tracker technology that allows the solar panels to follow the sun’s
path from east to west for optimal production throughout the day.
The farm will meet 10% of the energy needs of the town of
Puy-en-Velay, equivalent to the annual power consumption of some
5,600 French households.
The La Clé des Champs solar farm is the largest
photovoltaic production facility in the Haute-Loire and the first
for Boralex in that department of France. The project was a winner
of the French CRE 4 solar tenders program (period 7) and thus
benefits from a 20-year feed-in premium contract. The Boralex teams
that have been based 11 km away in Chaspuzac since 2010 will
be responsible for operating and maintaining the solar farm.
Putting this facility into service is in line
with Boralex’s strategic plan, which increases the solar portion of
the Company’s portfolio.
“In the middle of a full-blown energy crisis, we
need to look to renewable energy for rapid installation of
additional low-carbon energy capacity. Renewables are competitive
and allow communities to benefit from local, low-cost energy
production. The La Clé des Champs solar farm, a crowdinvesting
project, attests to our ability to co-create meaningful projects
for the region. We are very pleased with this solar project, our
first in the Auvergne-Rhône-Alpes region,” said Nicolas Wolff, Vice
President and General Manager of Boralex, Europe.
Crowdinvesting: a key aspect of the
project
In 2019, Boralex approached the town of
Puy-en-Velay and the municipality of Saint-Christophe-sur-Dolaison
with a proposal to allow the communities and citizens of the
department to become equity partners in the project. Opened in
October 2020 through Enerfip, the crowdinvesting campaign resonated
with local residents, raising € 844,000 in less than three
weeks, or 40% of the capital required for the project. In all, more
than 150 eco-investors from the Auvergne-Rhône-Alpes region, 48% of
whom are from the Haute-Loire department, contributed to the
campaign’s success.
About Boralex
At Boralex, we have been providing affordable
renewable energy accessible to everyone for over 30 years. As a
leader in the Canadian market and France’s largest independent
producer of onshore wind power, we also have facilities in the
United States and development projects in the United Kingdom. Over
the past five years, our installed capacity has more than doubled
to 2.5 GW. We are developing a portfolio of close to 4 GW in wind
and solar projects and over 200 MW in storage projects, guided by
our values and our corporate social responsibility (CSR) approach.
Through profitable and sustainable growth, Boralex is actively
participating in the fight against global warming. Thanks to our
fearlessness, our discipline, our expertise and our diversity, we
continue to be an industry leader. Boralex’s shares are listed on
the Toronto Stock Exchange under the ticker symbol BLX.
For more information, visit www.boralex.com or
www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.
For more information:
Media |
Investor Relations |
Camille LaventureAdvisor, Digital
CommunicationsBoralex
Inc.438-883-8580camille.laventure@boralex.com |
Stéphane MilotSenior
Director – Investor RelationsBoralex Inc.514
213-1045stephane.milot@boralex.com |
|
|
Media –
France (Agency)Virginie RaisonPR ConsultantOxygen06 65 27
33 52virginie@oxygen-rp.com |
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Source: Boralex Inc.
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