Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030

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]