Boralex Inc. (BLXN)
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Boralex Inc. Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Mr. Patrick Decostre CEO | XMEX Exchange | CA09950M3003 ISIN |
| Canada Country | 790 Employees | 29 May 2026 Last Dividend | 4 Apr 1997 Last Split | - IPO Date |
Overview
Boralex Inc. is a prominent company that has carved a niche in the renewable energy sector by focusing on the development, construction, and operation of renewable energy power facilities. With operations spanning Canada, France, the United States, and the United Kingdom, Boralex Inc. stands out for its commitment to sustainability and greener energy solutions. Founded in 1982 and headquartered in Kingsey Falls, Canada, the company has grown significantly over the years. As of December 31, 2023, the company boasts an impressive portfolio of renewable energy sources, including wind, solar, and hydroelectric power, underlining its diverse approach towards harnessing energy from renewable resources. With its long-standing experience and a robust operational footprint, Boralex Inc. is evidently a key player in the global shift towards renewable energy.
Products and Services
- Wind Farms:
- Solar Energy Facilities:
- Hydroelectric Power Stations:
- Storage Units:
Boralex Inc. operates 100 wind farms, leveraging the power of wind to generate electricity. Wind energy, known for its low environmental impact and sustainability, forms a significant part of the company’s portfolio, showcasing its commitment to combating climate change and promoting renewable sources of energy.
With 12 solar energy facilities, the company taps into the boundless energy of the sun to produce electricity. Solar power, synonymous with clean energy, plays a crucial role in Boralex Inc.'s energy mix, reflecting the company's efforts in adopting technologies that support energy transition towards sustainability.
Boralex Inc. owns and operates 15 hydroelectric power stations. Hydroelectric power, a renewable source of energy generated by harnessing the energy of moving water, underscores the company’s diversified strategy in renewable energy production. This modality not only provides a reliable source of green energy but also contributes to the company’s resilience in energy production.
The company has invested in 2 storage units, pivotal in managing the intermittency of renewable energy. These units play a critical role in ensuring a steady and reliable supply of electricity generated from renewable sources, thereby enhancing the efficiency and reliability of Boralex Inc.'s energy generation capabilities.
The company's installed capacity totals to 1,819 megawatts (MW) in North America and 1,259 MW in Europe, illustrating its significant contribution to the global renewable energy sector.
