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Boralex Inc Cl A ( (TSE:BLX) ) has issued an update.
Boralex Inc. and Walpole Island First Nation have closed a $172 million financing deal for the 80 MW Tilbury Battery Storage project in Ontario. This financing, supported by a syndicate of major banks, underscores the project’s potential and Boralex’s commitment to sustainable energy solutions. The deal includes a construction loan, a bridge loan for tax credits, and a letter of credit facility, aiming to optimize Boralex’s capital structure while reinforcing confidence in the project’s promising future.
More about Boralex Inc Cl A
Boralex Inc. is a company operating in the renewable energy industry, primarily focusing on the development and operation of renewable energy power facilities. The company offers sustainable energy solutions with a market focus on wind, solar, and hydroelectric power projects.
YTD Price Performance: -5.39%
Average Trading Volume: 292,701
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.82B
See more insights into BLX stock on TipRanks’ Stock Analysis page.
