1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Boralex Inc.
  6. News
  7. Summary
    BLX   CA09950M3003

BORALEX INC.

(BLX)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-08-05 pm EDT
49.38 CAD   +1.88%
08/05Boralex Kept at Hold by TPH Following Q2 Results; Price Target Raised to C$47.00
MT
08/04National Bank Notes Boralex Q2 In Line as Benefits from Higher Power Prices; Lifts Price Target
MT
08/03Boralex Hold Rating Reiterated by TPH Following Q2 Results; Price Target Kept at C$42.00
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Boralex announces the commissioning of 53 MW of wind farms in France

06/30/2022 | 07:01am EDT

PARIS, June 30, 2022 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX), France’s largest independent producer of onshore wind power, is pleased to announce the commissioning of three wind farms for a total capacity of 53 MW. Boralex has an operating capacity of 1.1 GW in France and 2.5 GW worldwide.

The wind farms are located in the commune of Louville-la-Chenard, in the Eure-et-Loir department of the Centre-Val de Loire region of France. These commissionings relate to the repowering of two existing wind farms with six wind turbines each and the construction of an extension with seven turbines. The three projects were executed simultaneously and overseen by Boralex’s teams. Together, they will produce approximately 138 GWh per year, sufficient to meet the energy needs of some 60,000 French households.

  • Repowering of the Remise de Réclainville wind farm:
    • Commissioning date: May 9, 2022
    • Wind turbines: 6 Nordex N117 (2.4 MW rated power each, 150 m blade tip height)
    • Total capacity after repowering: 14 MW (capacity before repowering: 12 MW)
  • Repowering of the Evits et Josaphat wind farm:
    • Commissioning date: June 24, 2022
    • Wind turbines: 6 Nordex N117
    • Total capacity after repowering: 14 MW (capacity before repowering: 12 MW)
  • Bois des Fontaines wind farm:
    • Commissioning date: May 12, 2022
    • Wind turbines: 7 Nordex N117
    • Total capacity: 25 MW

“As an owner-operator of renewable energy production sites, Boralex aims for optimal management of the life cycle of its sites. Wind farm repowering is an integral part of our strategy. To date, we have repowered and upgraded every one of our sites that has reached the end of its service life. Repowering is also advantageous for the host communities, as it ensures both the sustainability of the commitments made on initial commissionings as well as the local production of cost-competitive green energy,” said Nicolas Wolff, Vice President and General Manager of Boralex, Europe.

Prioritizing the circular economy

The dismantling plan for the repowering of the Remise de Réclainville and Evits et Josaphat wind farms maximized the reuse of raw materials and recycling of existing materials, in line with the principles of circular economy. Thus, for each turbine dismantled, 300 m3 of concrete and 40 metric tons of steel were collected and sent to the appropriate recycling channels. The wind turbines themselves will be sold on the second-hand market and given a second life.

Respecting and protecting biodiversity

Starting at the design phase of our projects, we are extremely vigilant about applying regulatory procedures and adhering to the “avoid-reduce-compensate” principle in order to minimize the impact of our operations on the environment. The construction site of the wind project in the commune of Louville-la-Chenard has been checked regularly by an ecologist since project work began in July 2021. Biodiversity protection measures also include 300 linear metres of hedges composed of native trees and shrubs, planted in January 2022 to create habitats of interest for local wildlife species.

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.

For more information, visit www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.

For more information:

Media Investor Relations
Camille Laventure
Advisor, Digital Communications
Boralex Inc.
438-883-8580
camille.laventure@boralex.com
Stéphane Milot
Senior Director – Investor Relations
Boralex Inc.
514 213-1045
stephane.milot@boralex.com
  
Media – France (Agency)
Virginie Raison
PR Consultant
Oxygen
06 65 27 33 52
virginie@oxygen-rp.com
 
  

Source: Boralex Inc.


All news about BORALEX INC.
08/05Boralex Kept at Hold by TPH Following Q2 Results; Price Target Raised to C$47.00
MT
08/04National Bank Notes Boralex Q2 In Line as Benefits from Higher Power Prices; Lifts Pric..
MT
08/03Boralex Hold Rating Reiterated by TPH Following Q2 Results; Price Target Kept at C$42.0..
MT
08/03TRANSCRIPT : Boralex Inc., Q2 2022 Earnings Call, Aug 03, 2022
CI
08/03Boralex Back To Q2 Profit After Reversing Year-Ago Loss; National Bank Says Boralex Has..
MT
08/03Boralex Back To Q2 Profit After Reversing Year-Ago Loss
MT
08/03Boralex Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June ..
CI
08/03Boralex vigorously pursues its growth and diversification strategy in the second quarte..
GL
08/03Earnings Flash (BLX.TO) BORALEX Reports Q2 EPS Per share basic and diluted consolidated..
MT
08/03Boralex vigorously pursues its growth and diversification strategy in the second quarte..
AQ
More news
Analyst Recommendations on BORALEX INC.
More recommendations
Financials
Sales 2022 801 M 618 M 618 M
Net income 2022 94,2 M 72,8 M 72,8 M
Net Debt 2022 2 931 M 2 264 M 2 264 M
P/E ratio 2022 55,4x
Yield 2022 1,34%
Capitalization 5 074 M 3 920 M 3 920 M
EV / Sales 2022 10,00x
EV / Sales 2023 9,40x
Nbr of Employees 562
Free-Float 99,3%
Chart BORALEX INC.
Duration : Period :
Boralex Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BORALEX INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 49,38 CAD
Average target price 49,43 CAD
Spread / Average Target 0,10%
EPS Revisions
Managers and Directors
Patrick Decostre General Manager-Europe
Bruno Guilmette Chief Financial Officer & Vice President
Alain Rhéaume Chairman
Nicolas Mabboux VP-Information Technology & Digital Transformation
Alain Pouliot Assistant General Manager-Operations
Sector and Competitors
1st jan.Capi. (M$)
BORALEX INC.42.39%3 920
NEXTERA ENERGY-5.76%172 861
DUKE ENERGY CORPORATION4.06%84 050
SOUTHERN COMPANY12.67%82 138
DOMINION ENERGY, INC.5.10%67 061
IBERDROLA, S.A.0.67%66 403