Boralex Acquires Advanced Wind Projects from Wind2 in U.K.
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Updated Fri 00:00
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What happened
Boralex acquired Wind2's advanced wind projects, adding about 350 megawatts to its U.K. portfolio. These projects are located across Scotland, England, and Wales, and are described as advanced projects rather than operating generation capacity. Wind2 specializes in onshore renewable energy, including solar farms and wind projects.
From econotimes.com
Why it matters
The acquisition expands Boralex's business in the U.K. market, complementing its existing 1.7 gigawatt U.K. development pipeline. Boralex stated that a broader geographic footprint would support business resilience.
From econotimes.com
Who's involved
- BoralexCanadian company that develops, builds, and operates renewable energy power facilities
- Brookfield RenewablePublicly traded limited partnership acquiring Boralex in a $9 billion deal
- Brookfield Asset ManagementCanadian-American asset management company that completed the acquisition of Boralex
- Toronto Stock ExchangeStock exchange where Boralex's shares are formally listed
- WoodstockLocation for which Boralex is forecast to provide necessary power infrastructure
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The entities involved
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Boralex
Canadian company that develops, builds, and operates renewable energy power facilities
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