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Boralex and Walpole Island First Nation Close $172 Million Financing for Tilbury Battery Storage Project

Jan 09, 2025•over 1 year ago

Contract Type

partnership

MontrealEnergyRenewable EnergySolar

Description

Boralex Inc. and Walpole Island First Nation have closed a $172 million financing for the 80 MW / 320 MWh Tilbury Battery Storage project in Ontario. The financing includes a construction loan, bridge loan for investment tax credits, and a letter of credit facility.

Company Information

Company

Boralex

Location

Montreal, Quebec, Canada

About

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. We are developing a portfolio of close to 6.4 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach.

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