Boralex Aquires French Developer Kallista Energy

Boralex strengthens its position as France’s largest independent producer of wind power by increasing its installed capacity from 609 MW to 772 MW. Worldwide, Boralex increased its total installed capacity by more than 11%, from 1,456 MW to 1,619 MW.

Boralex Inc. is pleased to announce that it has entered into a purchase agreement with Ardian Infrastructure to acquire 100% of the outstanding shares of Kallista Energy Investment SAS, for a consideration of €129.4 million (C$202 million) and the assumption of €94 million (C$146.7 million) in project debt. The consideration will be paid by Boralex from its recently enhanced revolving credit facility. Boralex anticipates an increase in discretionary cash flow per share following the transaction. In... ... More: Official Press Release Boralex

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Boralex, Canada, France, Kallista, developer, aquisition