Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to report significantly higher first quarter results for 2024.
“Boralex has once again demonstrated its ability to deliver strong results quarter after quarter, as illustrated by a 17% increase in our EBITDA(A) and a 62% increase in our net earnings for the first three months of the year. This growth can mainly be attributed to higher wind farm production in North America, the contribution of new facilities commissioned and our strategy to optimize electricity selling prices in France,” said Patrick Decostre, President and Chief Executive Officer of Boralex.
“In the coming quarters, we will continue to pursue growth in our various target markets, where there are ample opportunities. Our teams are busy preparing responses to upcoming tender calls in Quebec, Ontario, New York State, the United Kingdom and France. This considerable diversity will allow us to pace our growth and focus on the most profitable markets,” Mr. Decostre added