Moose Lake Wind Farm Funding Secured

Boralex Inc. announces the closing of a $53.3 million financing for the Moose Lake wind farm in British Columbia, Canada.

The long-term financing of the 15 MW Moose Lake wind farm, located on Crown land in the Peace Region, northwest of Tumbler Ridge, British Columbia, Canada, is provided by KfW IPEX-Bank GmbH. The financing consists of a $2 million letter of credit facility and a long-term tranche of $51.3 million at all-in interest rate of approximately 4.9%. A portion of the long-term tranche’s interest rate has been fixed through an interest rate hedging arrangement. Believed to be one of the first in the Canadian wind power financing market having such feature, the long-term tranche will be fully amortized over a period of 25 years beginning on the... ... More: Official Press Release Boralex

Keywords:

Boralex, Canada, Moose Lake, wind farm, funding, loan