Boralex Inc. has closed a $67.9 million financing for the 30 MW Chemin de Grès wind farm in France. The wind project is located located in the communes of Viesly and Saint-Python.
The long-term financing for Chemin de Grès is provided by a syndicate of lenders led by Crédit Industriel et Commercial, Bpifrance Financement S.A., and Arkea Banque Entreprise et Institutionnels. The financing comprises, among other things, tax-free long-term financing of $58.5 million and VAT credit financing of $9.4 million.
The commissioning of the Chemin de Grès wind farm project is slated for later in 2017.