Developers close $538 million for 1.2 GWh battery storage facility in Canada

Share

From ESS News

Boralex, a renewable energy company based in Québec, Canada, has successfully closed $538 million financing for a 300 MW/ 1,200 MWh BESS project, the Hagersville Park.

Located in Haldimand County, Ontario, it will be the largest BESS project to date in Canada once it reaches the commissioning stage.

Hagersville’s financing is comprised of a $366 million construction loan, a $141 million bridge loan to be repaid when the investment tax credits are received, and a $31 million letter of credit facility. Altogether, it qualifies as a Green Loan.

To continue reading, please visit pv magazine’s ESS News

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Tesla Powerwall demand declines on negative sentiment toward Musk
31 March 2025 A Roth Capital Partners survey of residential solar and storage installers revealed a market shift away from the leading home battery provider.