Boralex

Boralex Inc. (TSX: BLX) is a major player in renewable energy specializing in wind, solar, hydroelectricity, and storage. Based in Kingsey Falls, Quebec, Canada, the company has expanded its operations to the US, France, and the UK over the past 30 years. Boralex was listed on the Toronto Stock Exchange in 1997 and reported annual revenue of CAD 818 million for fiscal year 2022.

Boralex's main products and services include:

• Wind energy: Development, construction and operation of onshore wind farms

• Solar energy: Development, construction and operation of utility-scale solar projects

• Hydroelectricity: Operation of run-of-river hydroelectric facilities

• Energy storage: Development of battery storage projects to support grid stability

The company reported a significant increase in earnings in 2023, with EBITDA reaching CAD 578 million, up 15% from 2022. Boralex commissioned two wind farms in France totaling 27MW in 2023 and added 133MW of projects to its North American growth pipeline. The company is currently constructing the 200MW Apuiat wind project in Quebec and the 106MW Limekiln wind farm in Scotland, both scheduled for commissioning in late 2024. Boralex is also developing 380MW of storage projects in Ontario with planned commissioning in 2025. The company aims to reach 781,773 tons of CO2 emissions avoided through its renewable energy production by 2025.