Rechercher dans la communauté
Affichage des résultats pour les étiquettes 'operate'.
2 résultats trouvés
-
Il faut le souligner quand des compagnies d'ici font des acquisitions à l'étranger, comme quoi tout ne va pas d'un seul bord! Boralex boosts France operations with proposed takeover Montreal-based renewable energy producer Boralex Inc. has sharply boosted its presence in France with a $400-million proposed takeover of wind power company Enel Green Power France. The acquisition of the Enel wind portfolio will boost the generating capacity of Boralex’s existing operations by about 25 per cent, with the addition of 12 operating wind farms generating about 186 megawatts of power. Currently, Boralex has wind farms, solar projects, hydroelectric and thermal operations in France, Canada and the United States, that have a total capacity of about 754 MW. The company said this deal will make it the biggest independent wind power producer in France. Adding a large proportion to the French porfolio is a “truly company-transforming move,” said Boralex chief executive officer Patrick Lemaire. Currently, France makes up about 37 per cent of the Boralex portfolio, but that will expand to almost half after this transaction closes in January. Mr. Lemaire said in an interview that growth in the renewable sector is “clearer” in Europe than in North America, at the moment. Changes in Ontario’s renewable energy procurement program that make it less attractive, and limits to Quebec’s plans to acquire clean energy, have made those two core Canadian markets less attractive, he said. “France still has nice objectives,” he said. Boralex is also less interested in expanding in the United States, Mr. Lemaire said, because most jurisdictions there operate with a spot market for electricity, and thus there are fewer long-term contracts that secure a power price over the long term. The wind farms being purchased in this deal have long-term contracts in place averaging about 11 years. Privately owned Enel also has a pipeline of about 310 MW of new wind projects that are not yet built, and that will add further to the Boralex total in the next few years, Mr. Lemaire said. “Our main goals are to operate what we have acquired in the past, build new projects … and add growth for the next few years.” Boralex will finance the Enel purchase through bank loans, an existing revolving credit facility, and a bridge credit facility. It will also sell about $110-million in subscription receipts through a bought-deal transaction arranged by National Bank Financial. http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/boralex-boosts-france-operations-with-proposed-takeover/article22095267/
-
ArcelorMittal To Shut Down Montreal Plant On June 30 March 26, 2008 12:21 p.m. EST Montreal, Canada (AHN) - The largest steel manufacturer will shut down its wire factory in Montreal on June 30. Around 100 Canadian workers employed by ArcelorMittal at the Lachine plant are expected to lose their jobs. ArcelorMittal said it had to close the Montreal facility because of high production cost, oversupply of products and the strong Canadian currency. The plant has 153 employees, but only 53 of the workers will be transferred to ArcelorMittal's steel wire mill at Saint Patrick. Alain Robitaille, general manager of ArcelorMittal's wire division, said demand for steel wire among carmakers had declined in the U.S. over the past six years. At the same time, the Canadian dollar had appreciated vis-a-vis the greenback, making it more expensive for American buyers to purchase their steel requirements from Canada. "ArcelorMittal cannot continue operating two wire mills in a context where it is more advisable to operate only one plant," Robitaille told the Associated Press. On March 14, the company petitioned an Ontario court to require its partners in Wabush Mines to sell to the firm their majority share in an iron ore joint venture in Labrador and Quebec. Prior to ArcelorMittal's court petition, U.S. Steel Canada and Cleveland-Cliffs withdrew from negotiations with ArcelorMittal to sell their combined 71 percent share, but did not explain why. http://www.allheadlinenews.com/articles/7010446071
