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Boralex closes financing for 16-MW Yellow Falls hydropower project

from Hydro World

Canadian renewables developer Boralex Inc. said it has closed $55.6 million in financing for the 16-MW Yellow Falls small hydropower project on the Mattagami River near the town of Smooth Rock Falls in Ontario, Canada. Canada Life Insurance Co., Great West Life Insurance Co. and London Life Insurance Co. provided enough long-term financing to cover about 81 per cent of the estimated $71.5 million to $75.4 million project cost. more

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