Montréal: Boralex Inc., Gaz Métro Limited Partnership and Valener Inc. announced the closing May 4 of a $617.5 million non-recourse refinancing for Seigneurie de Beaupré Wind Farms 2 and 3 General Partnership, which operates two winds farms located 60 km northeast of Québec City on the private property of Séminaire de Québec. Gaz Métro and Valener indirectly hold interests in Wind Farms 2 and 3 through Beaupré Éole General Partnership.
The Seigneurie de Beaupré Wind Farms, with a total contracted capacity of 364 MW, currently constitute one of Canada's largest wind power projects. The first phase of 272 MW (Farms 2 & 3), commissioned in late 2013, and the second phase of 68 MW (Farm 4), started operating in December 2014, are projects of the Boralex and Gaz Métro|Valener consortium. Furthermore, the 23.5 MW Côte-de-Beaupré wind farm built in partnership by Boralex and the Côte-de-Beaupré RCM started its operations in November 2015.