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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]
Boralex announces the election of its directors and highlights of its Annual Meeting of Shareholders
Globenewswire· 2025-05-14 19:26
Core Points - Boralex Inc. held its annual meeting of shareholders where directors were elected and resolutions were adopted [1] - The company highlighted its achievements in 2024, emphasizing agility and flexibility, and announced the introduction of three new directors [2] - Boralex's 2030 Strategy will be presented at an upcoming Investor Day on June 17 [2] Election of Directors - All nominees proposed in the Management Proxy Circular were elected, with high approval rates for most directors [3] - Notable voting results include: - André Courville: 98.95% in favor - Lise Croteau: 99.30% in favor - Nadia Martel: 99.96% in favor - Alain Rhéaume: 93.35% in favor [3] Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market [4] - The company has more than doubled its installed capacity to over 3.2 GW in the past five years, with a project pipeline totaling over 78 GW [4] - Boralex is committed to corporate social responsibility and sustainable growth, actively participating in the fight against global warming [4]
Boralex reports net earnings of $41 million for the first quarter of 2025 and the start of production at the Limekiln wind farm, its first operational project in the United Kingdom
Globenewswire· 2025-05-14 11:00
Figures in brackets indicate results on a Combined basis as opposed to a Consolidated basis. 1 quarter highlights Three-month periods ended March 31 | | Consolidated | | | Combined | | | --- | --- | --- | --- | --- | --- | | (in millions of Canadian dollars, | 2025 2024 | Change | 2025 | 2024 | Change | MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) -- Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) is pleased to report its results for the first quarter of 2025. Highlights Financial results Update on deve ...
REMINDER: Boralex will release its 2025 first quarter financial results on May 14, at 9 a.m.
Globenewswire· 2025-05-12 13:30
MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9 a.m. Financial analysts and investors are invited to attend a conference call during which the financial results will be presented. Date and time Wednesday, May 14, 2025, at 9 a.m. ET To attend the conference Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2 To attend the event by phone: Click he ...
Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-06 17:26
Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Q1 2025 Earnings Conference Call May 6, 2025 11:00 AM ET Company Participants Jorge Salas - CEO Ana Graciela de Mendez - EVP and CFO Annette van Hoorde - SVP, Funding and Asset-Liability Management Eduardo Vivone - EVP, Treasury and Capital Markets Samuel Canineu - Chief Commercial Officer, Brazil Conference Call Participants Íñigo Vega - Jefferies Ricardo Buchpiguel - BTG Operator Good morning, ladies and gentlemen, and welcome to Bladex's First ...