Boralex to sell 30 per cent stake in its French portfolio to EIP

Boralex, a Canadian renewable energy company, has decided to sell a 30 per cent stake in its renewable assets and development pipeline in France to Energy Infrastructure Partners (EIP), a Swiss investment group. The transaction is part of the two companies’ long-term collaboration. The deal encompasses operating assets with a total capacity of more than 1 GW, as well as a 1.5 GW project pipeline in the works. Boralex will get up to $596 million in cash at the conclusion of the transaction.

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