La Société de projet BVH1, s.e.n.c., consisting of affiliates of each of Boralex Inc, Énergir Développement Inc and Hydro-Québec, has announced a CA$ 960 million (US$ 687 million) financing for the 400 MW Des Neiges - Secteur sud wind power project, currently under construction on the private lands of Seigneurie de Beaupré.
The Des Neiges – Secteur sud project financing includes:
- A CA$ 733 million (US$ 524 million) construction loan, which will convert to a term loan following the start of deliveries of electricity, is scheduled for Q4 of 2026.
- A CA$ 170 million (US$ 121 million) bridge loan, allowing the financing of the refund to be received for the switchyard. This short-term facility will reduce the amount of equity capital allocated to the project in the short term and thus optimize the overall capital structure required for the project.
- A CA$ 57 million (US$ 40 million) guarantees facility.
The Desjardins Group serves as the Administrative Agent for this financing.
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