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    BLX   CA09950M3003

BORALEX INC.

(BLX)
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Delayed Quote. Delayed Toronto Stock Exchange - 01/26 12:08:30 pm
32.2 CAD   +1.23%
01/24S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Dividend Aristocrats Index
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01/24Boralex will release its 2021 Fourth quarter financial results on February 23
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Boralex Announces the Commissioning of the La Grande Borne wind farm

11/24/2021 | 09:51am EST

Paris - Boralex Inc. ('Boralex' or the 'Company') (TSX: BLX) is pleased to announce the commissioning of the La Grande Borne wind farm, located near the municipalities of Vendeuil and Remigny, in the Hauts-de-France region of the French department of Aisne.

The facility, which consists of four 2.2 MW Vestas V110 wind turbines for a total installed capacity of 8.8 MW, is expected to produce 26 GWh of power per year, meeting the energy needs for 5,600 households. Boralex launched the La Grande Borne wind farm project in 2016 and developed it in a manner consistent with its commitment to protecting species and their habitats. Boralex's teams based in Blendecques will be responsible for day-to-day site operation. 'From the design phase of a project onward, we are committed to protecting biodiversity by reducing the impact of our activities on ecosystems, in line with the principles of the Avoid - Reduce - Offset hierarchy.

This approach was integral during construction and will continue into the operating phase, allowing our producing assets to contribute to learn and share knowledge throughout their life cycle,' said Nicolas Wolff, Vice President and General Manager, Boralex, Europe. One of the measures supporting biodiversity and species protection at the La Grande Borne wind farm is a measure to protect rare birds. This measure aims to raise awareness among the agricultural community about the protection of harrier nests and to implement conservation measures within a 20-kilometer radius of the site. Boralex will assume the responsibility for rigorous environmental follow-up throughout the wind farm's operating life.

About Boralex

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to 2.5 GW. We are developing a portfolio of more than 3 GW in wind and solar projects and nearly 200 MW in storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

Contact:

Isabelle Fontaine

Tel: 819 345-0043

Email: isabelle.fontaine@boralex.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 705 M 558 M 558 M
Net income 2021 45,5 M 36,0 M 36,0 M
Net Debt 2021 3 640 M 2 883 M 2 883 M
P/E ratio 2021 75,3x
Yield 2021 2,08%
Capitalization 3 264 M 2 590 M 2 585 M
EV / Sales 2021 9,80x
EV / Sales 2022 9,38x
Nbr of Employees 500
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 31,81 CAD
Average target price 44,54 CAD
Spread / Average Target 40,0%
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Managers and Directors
Patrick Decostre President, Chief Executive Officer & Director
Bruno Guilmette Chief Financial Officer & Vice President
Alain RhÚaume Chairman
Edward Hume Kernaghan Independent Director
Dany St-Pierre Independent Director