Boralex sells Senneterre biomass power plant to Resolu

Company

Boralex Inc.

Law Firm / Organization
McCarthy Tétrault LLP
Lawyer(s)

Mathieu Leblanc

Company

Resolu Forest Products Canada Inc.

Law Firm / Organization
Norton Rose Fulbright Canada LLP

On February 11, 2022, Boralex Inc. entered into an agreement for the sale of the 34.5 MW Senneterre power plant, the last remaining biomass power generation asset in its portfolio. The power plant has been purchased by Resolu Forest Products Canada Inc.

Boralex has been providing affordable renewable energy for over 30 years. They are a leader in the Canadian market and France’s largest independent producer of onshore wind power and also have facilities in the United States and development projects in the United Kingdom.

McCarthy Tétrault assisted Boralex with a team led by Mathieu Leblanc that included Richard O’Doherty, Jacob Stone and Sonia Bardakjian (Corporate/M&A), Dominique Amyot-Bilodeau and Amelia Fong (Environment), Emilie Thibault (Labour), Deron Waldock (Pension), Marie-Pier Gosselin and Danielle Gagnon (Real Estate).

Norton Rose Fulbright served as opposing counsel with a team led by Miguel Manzano and Elliot Shapiro that included Antoine Desroches, Éric Lallier, Rujuta Patel, Mélissa Devost, Carl Boulva, Christine Duguay and Sophie Doyle.

Merger & Acquisition
Energy
Undisclosed/Confidential
Closed
11 February 2022