Boralex and Infinergy have announced the execution of a 50-50 joint venture agreement, aimed at developing a pipeline of onshore wind projects essentially located in Scotland for a total estimated capacity of 325MW.
The joint venture comprises a pipeline of 10 wind projects varying from 6 to 80MW and would allow Boralex to acquire or resell the projects over the coming years. The projects are at different stages of development, from early stage to being on the verge of full authorization. To achieve the development phase of the projects, Boralex and Infinergy have committed to investing a total of GBP 6.6 million until the end of 2019 (GBP 5.5 million for Boralex). Infinergy will act as the principal developer of the joint venture projects.