— Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to report substantial growth of its project portfolio and a significant increase in production on a Combined basis in the first quarter of 2023.
“In the first quarter, we continued to implement our 2025 Strategic Plan initiatives, including through the addition of large development projects to our project portfolio and the integration of the two acquisitions completed in 2022,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “The first quarter was also marked by the announcement of new programs to help accelerate the energy transition and new tendering programs in our key markets, particularly in Quebec and elsewhere in Canada.”
“In the coming quarters, we will carry on with our plan to optimize revenues through a combination of corporate power purchase agreements, bidding on long-term contracts in requests for proposals and selling into the day-ahead market, particularly in France, where prices remain high. We intend to continue optimizing our capital structure by arranging specific financing for our ready-to- build projects and to make progress on integrating our many ESG initiatives into our day-to-day operation activities,” added Mr. Decostre.