Boralex agrees to sell last biomass power plant in portfolio
The facility has been purchased by Resolu Forest Products Canada, a company that has supplied by-product for the plant for the past two years.
As set out in its updated 2025 Strategic Plan, Boralex is looking to accelerate its growth in the wind, solar and storage sectors while optimising its hydroelectric facilities. The sale of the Senneterre Power Plant is in line with that ambition.
“Boralex’s core mission is to advance renewable energy and the sale of this power plant furthers our efforts outlined in our Strategic Plan,” said Patrick Decostre, president and CEO of Boralex.
“I want to thank all the employees for their work and their contribution to Boralex over the years. Their commitment to all our partners is what has allowed the power plant to remain an important employer in the region.”
The Senneterre plant has a power purchase agreement with Hydro-Quebec and employees will be transferred to the purchaser. The transaction will be finalised following the completion of all customary closing conditions, including receipt of Hydro-Quebec’s consent.