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Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.
Globenewswire· 2025-07-08 13:30
Core Points - Boralex Inc. will release its 2025 second quarter results on August 8, 2025, at 11 a.m. ET [1] - A conference call will be held for financial analysts and investors to discuss the results [1] - The financial information will be available through a press release and on Boralex's website at 7 a.m. on the same day [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market [4] - The company is the largest independent producer of onshore wind power in France and has facilities in the United States and development projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has increased by more than 50% to 3.2 GW [4] - The company is developing a portfolio of over 8 GW in wind, solar, and storage projects, guided by corporate social responsibility values [4] - Boralex has been recognized as the Best Corporate Citizen in Canada by Corporate Knights [4] - The company's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [4]
Bladex Leads USD 120 Million Syndicated Loan for Sudameris Bank, Supporting Its Growth in Paraguay
Prnewswire· 2025-07-03 13:50
Core Insights - The transaction involves a USD 120 million syndicated loan for Sudameris Bank, aimed at accelerating its expansion in Paraguay by broadening financing options for SMEs and corporations [2][6] - The loan was oversubscribed, indicating strong market appetite and confidence in Paraguay's macroeconomic stability and Sudameris' growth strategy [5] Group 1: Transaction Details - The loan was successfully closed by Banco Latinoamericano de Comercio Exterior (Bladex) and involved ten financial entities, with six participating for the first time, enhancing Sudameris' network of international partners [2][3] - Bladex demonstrated agility and technical expertise by structuring and coordinating the loan in under two months, capitalizing on favorable market conditions [4] Group 2: Institutional Impact - Proceeds from the loan will enable Sudameris to enhance its institutional growth by expanding financing opportunities for small and medium-sized enterprises and corporations [6] - Sudameris Bank is recognized as the leading lender to the productive sector in Paraguay, particularly in industrial, livestock, and agricultural segments, reinforcing its role in the country's economic development [9] Group 3: Strategic Partnerships - The transaction underscores the long-standing strategic partnership between Bladex and Sudameris, aimed at strengthening Paraguay's financial system and promoting regional economic growth [3][7] - Both institutions are committed to creating financial solutions that support sustainable economic development in Latin America [7][8]
Boralex recognized as Best Corporate Citizen in Canada by Corporate Knights
Globenewswire· 2025-06-25 11:00
Core Insights - Boralex has been recognized as the top company in Corporate Knights' annual 'Best 50 Corporate Citizens' ranking in Canada, highlighting its commitment to sustainable development [1][2] - The company's vision focuses on contributing to a renewable energy future while ensuring a safe and inclusive work environment, with a commitment to achieving net-zero emissions by 2050 [2] - Boralex's recent Corporate Social Responsibility (CSR) Report emphasizes its inclusive recruitment process, workforce development initiatives, and greenhouse gas emission reduction targets approved by the Science-based Target Initiative [4] Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [5] - The company's installed capacity has increased by more than 50% over the past five years, reaching 3.2 GW, with ongoing projects in wind, solar, and storage totaling over 8 GW [5] - Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [5]
Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex
Globenewswire· 2025-06-19 12:30
Core Points - Boralex Inc. announced the upcoming retirement of its Board Chair, Mr. Alain Rhéaume, who will step down once a successor is appointed, no later than December 2025 [1][2] - The selection process for the new Chair will be overseen by the Board's Governance Committee, in line with the company's governance policies [2] - Mr. Rhéaume's retirement follows the release of Boralex's 2030 Strategy, which aims to guide the company's future direction [2][3] - Under Mr. Rhéaume's leadership, Boralex has made significant progress in its strategic directions and governance, which are crucial for stakeholders [3] - The company is well-positioned to capitalize on the strong growth in energy demand and the ongoing energy transition, presenting significant opportunities in the renewable energy sector [4] - Boralex has seen a renewal of its executive team, including the appointment of Patrick Decostre as President and CEO, and welcomed three new directors to enhance the Board's skills [8] - The company has achieved its objectives under the 2025 Strategic Plan and is set to continue its growth trajectory with the newly unveiled 2030 Strategy [8] - Boralex has increased its installed capacity by over 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [10]
Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030
Globenewswire· 2025-06-17 12:00
Core Insights - Boralex has announced its 2030 Strategic Plan, focusing on sustainable growth and performance through renewable energy production [3][5] - The company aims to execute a disciplined growth strategy with a project pipeline totaling 8 GW, enhancing its long-term power purchase agreements [4][7] - Boralex's financial objectives are entirely organic, reflecting a commitment to lower risk and greater control over growth compared to previous plans [5][10] Strategic Highlights - The 2030 Strategy emphasizes organic growth, targeting investments that will yield results over the next five years and beyond [5] - The company plans to double its installed capacity every five years, aiming for a net-zero trajectory by 2050 [7] - Boralex is focusing on two strong leadership markets (Canada and France) and two expanding markets (certain U.S. states and the United Kingdom) [7] Financial Objectives - Boralex targets a compound annual growth rate (CAGR) of operating income between 12% to 14% and consolidated EBITDA(A) between 7% to 9% from 2025 to 2030 [8] - The company plans total investments of $6.8 billion, with an additional $1.2 billion for projects scheduled after 2030, aiming for a minimum levered internal rate of return (IRR) of 10% to 12% [16] - A payout ratio of 20% to 40% of discretionary cash flows is also part of the financial strategy [16] Market Position and Growth - Boralex has increased its installed capacity by over 50% to 3.2 GW in the past five years and is developing a portfolio of projects totaling 8 GW in wind, solar, and storage [12] - The company is committed to maintaining disciplined financial management and introducing cash flows per share growth objectives [7][9] - The weighted average remaining duration of contracts is expected to increase from 11 years in 2024 to 14 years by 2030, enhancing financing structures [7][4]
REMINDER: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025
Globenewswire· 2025-06-16 13:30
Core Points - Boralex will present its 2030 Strategy at an Investor Day on June 17, 2025, in Toronto, inviting financial analysts, investors, and media to attend either in person or via a live video webcast [1] - The conference will take place from 10 a.m. to 12:30 p.m. (ET) and will be available for replay on Boralex's website until July 17, 2026 [2] - Members of Boralex's Executive Committee will be available for media interviews on the afternoon of June 17, 2025, to discuss the 2030 Strategy [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as France's largest independent producer of onshore wind power [4] - The company has increased its installed capacity by more than 50% over the past five years, reaching 3.2 GW, and is developing a portfolio of over 8 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in the fight against global warming, guided by its corporate social responsibility (CSR) approach [4]
Boralex Appoints Robin Deveaux as Executive Vice President and General Manager, North America
Globenewswire· 2025-06-12 13:18
Core Viewpoint - Boralex has appointed Robin Deveaux as Executive Vice President and General Manager for North America, succeeding Hugues Girardin, who will retire at the end of 2025. This transition aims to ensure continuity and effective leadership as the company prepares to implement its 2030 Strategy [1][2][3]. Group 1: Leadership Transition - Robin Deveaux has over 20 years of experience in the renewable energy and professional services sectors, previously serving as Vice President and Senior Vice President at Boralex [2]. - Hugues Girardin, who has had a 34-year career at Boralex, will act as Transition Advisor until his retirement, ensuring a smooth handover of responsibilities [1][5][6]. - Both executives emphasize the importance of community engagement and collaboration in driving the company's mission forward [4][6]. Group 2: Company Overview - Boralex has been a leader in providing affordable renewable energy for over 30 years, with a significant presence in Canada and as the largest independent producer of onshore wind power in France [9]. - The company has increased its installed capacity by over 50% in the past five years, reaching 3.2 GW, and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [9]. - Boralex is committed to sustainable growth and actively participates in combating global warming through its corporate social responsibility initiatives [9].
U.S. Growth Strategy: Boralex Signs Contracts for Two New York Solar Projects Totaling 450 MW
Globenewswire· 2025-05-21 19:20
Core Points - Boralex Inc. has signed a Renewable Energy Standard Agreement with NYSERDA to procure Tier-1 RECs from its Fort Covington Solar Project and Two Rivers Solar Project, totaling 450 MW [1][2] - The projects are part of NYSERDA's 2024 Renewable Energy Standard Competitive Solicitation, aimed at purchasing New York Tier-1 Eligible Renewable Energy Certificates [2] - The Fort Covington Solar Project will have a capacity of 250 MW, while the Two Rivers Solar Project will have a capacity of 200 MW [4] Project Details - The solar facilities will be located in Franklin and St. Lawrence Counties in upstate New York, with permit applications currently under review [3] - Construction of both projects is expected to begin in 2026, with commissioning anticipated in 2028 [3][5] - Once operational, the projects will provide enough energy to power approximately 105,000 homes [3] Economic Impact - The projects are expected to support approximately 300 to 400 construction jobs and create long-term operational roles [5] - Local officials have expressed optimism about the economic benefits, including increased tax revenues and job creation [3][5] - Boralex aims to contribute to New York's clean energy transition and support local communities through public-private partnerships [3]
Invitation: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025
Globenewswire· 2025-05-20 13:30
Core Points - Boralex will present its 2030 Strategy at an Investor Day on June 17, 2025, in Toronto, inviting financial analysts, investors, and media to attend either in person or via a live video webcast [1][2] - The conference will feature presentations from Boralex's senior management regarding various aspects of the 2030 Strategy and financial targets [1] - Media interviews with members of Boralex's Executive Committee will be available on the afternoon of June 17, 2025, to discuss the company's strategy [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [4] - The company has increased its installed capacity by more than 50% over the past five years, reaching 3.2 GW, and is developing a portfolio of over 8 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in combating global warming through its corporate social responsibility approach [4]
La Société de projet BVH1, s.e.n.c. Announces a $960 Million Financing for Des Neiges – Secteur sud Wind Project
Globenewswire· 2025-05-15 13:26
Core Points - The Des Neiges - Secteur sud wind power project has secured $960 million in financing and is currently under construction, with a total capacity of 400 MW [1][10] - The project is expected to significantly contribute to the economic development of Côte-de-Beaupré and enhance Québec's economic and climate resilience, representing an investment of around $1 billion [2] - Approximately 500 jobs will be created during the construction phase, with around 15 jobs during operation and maintenance [2] - The project will distribute over $80 million to host communities, specifically for the Secteur sud project [2] - The project aims to generate 1.2 TWh of energy annually, enough to power about 70,000 homes or 325,000 electric vehicles [6] Financial Highlights - The financing structure includes a $733 million construction loan, a $170 million bridge loan, and a $57 million guarantees facility [8] - The construction loan will convert to a term loan upon the start of electricity deliveries, expected in Q4 2026 [8] Project Development - Borea Construction has been mobilized for preliminary work since December 2024, with site work scheduled to begin in the coming months [5] - The project is the first of three potential 400 MW wind power projects planned for the Seigneurie de Beaupré private lands [6] Company Collaboration - Boralex, Énergir, and Hydro-Québec are collaborating on this project, emphasizing the importance of partnerships in achieving energy independence and sustainable growth for Québec [3]