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Boralex has announce that it has entered into a purchase agreement with Ardian Infrastructure to acquire 100% of the outstanding shares of Kallista Energy Investment SAS (Kallista), for a consideration of € 129.4 million and the assumption of € 94 million in project debt.
With the acquisition the company increases its installed capacity from 609 MW to 772 MW in France. Part of the acquired portfolio are 163MW of wind power projects in operation with a weighted average remaining life of 8 years under contract, a 10MW ready-to-build project and a portfolio of projects totalling about 158MW. The transaction is expected to close in or around late June 2018.
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