boralex

Global investment firm Brookfield Asset Management and investment group La Caisse have completed the acquisition of Canadian independent power producer (IPP) Boralex.

Canadian independent power producer (IPP) Boralex and its Swiss investor partner, Energy Infrastructure Partners, have secured €1.45 billion (US$1.65 billion) in financing to support Boralex's renewable energy business in France.

Shareholders of Canadian IPP Boralex have approved the acquisition by global investment firm Brookfield Asset Management.

Global investment firm Brookfield Asset Management has acquired Canadian independent power producer (IPP) Boralex for C$9 billion (US$6.5 billion).

Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.

The New York State Energy and Research Development Authority (NYSERDA) has contracted 2.2GW of solar PV across 18 projects.

Governor Cuomo revealed last Friday that 17 solar projects in the 19.99-270MW range and two 20MW battery storage projects will be developed and commissioned in upstate New York by 2024.

This week's Movers & Shakers focuses on big career moves in Germany, India and the US. SMA Americas plans a major push into the US market, the International Solar Alliance welcomes a new interim director and India's Hartek Group takes on BHEL's Jeet Chhatwal to develop innovative automated systems and procedures for day-to-day activities which further improve productivity and bring more efficiency.