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Boralex becomes 100% green after last cogeneration plant sale

Boralex plant

Boralex, the leader in renewable energy assets across Canada France and the UK, has become a 100% green energy operator in Europe, after it completed the sale if its last co-generation plant in France, to Norpaper.

Firstly, the 12 MW Blendecques cogeneration plant was the last thermal energy asset in the company’s portfolio. The sale concluded this Friday April, 30, to papermaker Norpaper, Boralex’s longtime partner in Northern France.

Secondly, Norpaper will be the sole beneficiary of the thermal power produced by the plant. The agreement will come into effect on May 1.

Thirdly, after the sale, Boralex became a 100% renewable energy operator in Europe, which advances its strategic plan for 2023. In fact, Boralex’s primary business is to produce renewable power.

Moreover, Nicolas Wolff, Vice President and General Manager Boralex, Europe, said. “By its nature, this activity is no longer aligned with our renewable production sites. This sale will enable us to focus full time on our strategic assets.”

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Boralex advancing in its clean energy plans; Norpaper to retain all employees

On the other hand, during the sale process, Norpaper informed Boralex that it wanted to maintain the plant’s current operations. The papermaker therefore proposed to keep the seven jobs assigned to operating the plant. All employees involved accepted this transfer and will be joining Norpaper’s ranks as of May 1.

Furthermore, Wolf commented. “We didn’t want the sale to impact employees. The teams have my sincerest appreciation for their collaboration throughout this process. This is truly a milestone and I thank them for their commitment to Boralex over the years.”

He also remarked. “The Blendecques cogeneration plant’s sale is also a testament to its quality as an asset. I wish them all the best with our long-time partner, Norpaper.”

Finally, the company develops, builds and operates renewable energy power facilities across North America; in fact, it is France’s first independent onshore wind power producer; it is recognized for its solid experience in optimizing its asset base in four power generation types: wind, hydroelectric; and also, thermal and solar.

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