Energy & Power
Boralex and AWEC announce Alberta Renewable Power Limited Partnership
By Renée Francoeur
December 15, 2016 – Boralex Inc. and Alberta Wind Energy Corporation (AWEC) have announced the creation of the Alberta Renewable Power Limited Partnership, which is owned respectively 52% and 48% by the two companies, for the development of wind and solar projects in Alberta.
Boralex, based in Quebec, sayy it owns 1108MW of projects in operation in Canada, the U.S. and in France.
“This joint venture is a great opportunity to make our first entry in Alberta,” said Patrick Lemaire, CEO and president at Boralex. “Our expertise in developing, building and operating all size of wind projects is complementary to AWEC’s project portfolio. Besides, Boralex will benefit from AWEC’s knowledge and experience in the Alberta renewable energy market in which they have a track record of real success”.
“As Alberta and Saskatchewan begin the transition from coal power generation to renewable energy, we are proud to be partnering with Boralex”, says Marc Stachiw, president of AWEC. “Joint efforts in developing our current and future projects will lead to a more economically and environmentally sustainable electricity supply.”
Boralex and AWEC say they look forward to preparing the Windy Point and Old-Elm/Pothole projects for the upcoming Renewable Electricity Program (REP) competitions in Alberta, as well as a portfolio of other projects in Alberta and Saskatchewan.