Boralex secures $95M financing from Desjardins for Témiscouata II wind farm, including an ESG swap.
Boralex secures $95 million financing from Desjardins for its 52 MW Témiscouata II wind farm in Quebec. The financing package includes an $85 million term loan, a $9.7 million letter of credit facility, and a portion of long-term financing with a fixed interest rate. Notably, the financing also contains an Environmental, Social, and Governance (ESG) swap that rewards Boralex for achieving ESG key performance indicators, such as CO2 emissions avoidance and female representation in management positions.
August 20, 2024
6 Articles