Boralex, Énergir negotiates joint venture with Hydro-Québec

Company

Boralex Inc.

Law Firm / Organization
Stikeman Elliott LLP

Company

Énergir Inc.

Law Firm / Organization
Stikeman Elliott LLP

Company

Hydro-Québec

Law Firm / Organization
McCarthy Tétrault LLP

Stikeman Elliott acted as legal counsel to Boralex Inc. and Énergir Inc. in connection with the development of three wind farm projects of 400 MW each for a total of 1,200 MW and related negotiations to form a joint venture with Hydro-Québec.

McCarthy Tétrault served as legal counsel to Hydro-Québec.

Upon completion, these projects will together represent the biggest wind farm project in Canada and one of the biggest onshore wind farm projects in the world. This was a very novel transaction as it is the first joint venture for Hydro-Québec in the wind sector and it included the negotiation of bilateral PPAs (which occurs very rarely in Québec).

This transaction was negotiated between the parties during a period of over two years. The proposed projects include Des Neiges Wind Farm – South, in the RCM of La Côte-de-Beaupré, Des Neiges Wind Farm – Charlevoix, in the RCM of Charlevoix, Des Neiges Wind Farm – West, in the RCM of La Côte-de-Beaupré and potentially in the municipality of Stoneham-et-Tewkesbury in the RCM of La Jacques-Cartier.

Joint Venture
Infrastructure
Undisclosed/Confidential
Closed
19 April 2022