March 22, 2004

Boralex subsidiary to build third wind farm in France

MONTREAL, QUE-Boralex last week reported that its French subsidiary Boralex SAS will build and operate a third wind energy production site at Nibas in the Somme region of France. The new $20-million facility will have an installed capacity of 12 megawatts (MW), consisting of six wind turbines with a capacity of two MW each. Boralex SAS is working in partnership with InnoVent and will hold a 95% interest in the new facility, Ferme Èolienne de Nibas SAS. This will bring Boralex's total installed wind energy capacity in France to 24 MW. The electricity produced will be sold to ElectricitÈ de France under a 15-year contract. Construction on the Nibas site is due to begin in May 2004, with start-up expected in November. The new site is about 4 kilometres from Ferme Èolienne de ChÈpy SAS, which Boralex began operating commercially in November 2003. Boralex, an affiliate of Cascades, specializes in power generation from renewable sources, including hydroelectric and wind power, as well as thermal or cogeneration power from natural gas or wood residues. It owns 17 power stations in Quebec, the U.S. and France, as well as an urban wood processing and recycling centre in Montreal.
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