Boralex Inc. unveiled its updated strategic plan and introduced new corporate objectives for 2025 at its 2021 Investor Day. The Company continues to build on the four key strategic directions of the plan launched in 2019: growth, diversification, customers, and optimization. The strategic plan also integrates Boralex's corporate social responsibility (CSR) strategy. Focusing on these key areas will allow for accelerated development of the wind and solar portfolios in the high-potential markets already targeted by the Company and in new markets in Europe and the United States, while also creating the opportunity to introduce energy storage in regions where renewable energy networks are the most developed. The 2025 Strategic Plan presented describes the rapid and significant changes in renewable energy development policies and greenhouse gas emission reduction targets in some countries and provinces, including Quebec, several U.S. states, and some European countries. Boralex's management has also reported strong demand for renewable energy from environmentally conscious companies. These factors have created a business environment that offers numerous opportunities for growth, both organic and through acquisitions. In this highly favourable context and supported by a strong balance sheet, Boralex has announced its goal to
double its installed capacity under management and achieve a combined EBITDA(A) of $800 "850 million and discretionary cash flows of $240 "260 million by 2025, representing compound annual growth rates ranging from 9 "15% for all three performance measures.