Boralex completed the acquisition of seven solar plants for $215m.

Boralex, which develops, builds and operates renewable energy power facilities in Canada, France, the UK and the US, completed the acquisition of seven solar plants from energy companies Alabama Power Company, PG&E, Southern California Edison, Indianapolis Power & Light and City of Palo Alto for $215m. "The acquisition of interests in these highquality assets secured by long term contracts is perfectly aligned with the growth and diversification orientations of our 2023 strategic plan. We are extremely pleased with the stable stream of cash flow and strong growth potential this transaction is bringing to Boralex. This transaction will be accretive to discretionary cash flow per share in the first year and will be a springboard to further development in these new regional energy markets for Boralex, especially California,” Patrick Lemaire, Boralex President and Chief Executive Officer.