Boralex Gets CAN $190M for 90-MW of Wind
Manulife Financial announced the completion of a CAN $194.5 million financing with Boralex Inc. for the construction and long term operation of a portfolio of nine 10 megawatt (MW) wind farms in southwest Ontario, Canada. Manulife formed and led a syndicate of Canadian life insurance companies to provide the funding in the form of construction and term loans with 21-year terms, to support the Thames River Project. Manulife is the arranger and agent with an investment of $88.5 million.
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