Boralex announces its third quarter results and commissioning of large-scale projects in Canada

Core Insights - Boralex Inc. reported its third-quarter results for 2025, highlighting advancements in its development projects and a focus on renewable energy despite challenges in production and pricing [1][4][5]. Financial Results - Power production increased by 7% to 1,151 GWh compared to 1,081 GWh in Q3 2024, primarily due to newly commissioned sites in Europe [11][12]. - Revenues from energy sales and feed-in premiums decreased by 4% to $144 million, impacted by lower prices in France [12]. - Operating loss was $1 million, down from an income of $13 million in Q3 2024, while EBITDA(A) was $85 million, a decline of 2% from the previous year [12][9]. - The net loss for the quarter was $30 million, an increase of $16 million from Q3 2024, mainly due to higher financing costs [12][9]. Development and Construction Activities - Boralex advanced a 250 MWac solar project in the U.S. and added 395 MW in new projects during the quarter [4]. - The 200 MW Apuiat wind farm was commissioned in October, marking the first major wind project completed in Québec since 2018 [4]. - The company is preparing for upcoming tender calls in Ontario, the UK, and New York State, reflecting sustained demand for renewable energy [5]. Corporate Social Responsibility - The Hagersville storage system project was recognized as the Innovative Canadian Clean Power Project of the Year by CanREA, underscoring Boralex's commitment to innovation and sustainable development [6]. Outlook and Strategy - Boralex's 2030 Strategy aims to double installed capacity with $8 billion in investments, focusing on growth, diversification, and long-term value creation [17]. - The company continues to build a robust portfolio of projects in wind, solar, and storage, guided by its corporate social responsibility values [19]. Dividend Declaration - The Board of Directors announced a quarterly dividend of $0.1650 per common share, payable on December 15, 2025 [18].