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Boralex
Boralex

-4.38%

Energy / Renewable Energy and Power Generation

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Overview
starts with the fact that it is a renewable energy development company. It was founded in 1990 and is headquartered in Kingsey Falls, Quebec, Canada. The company's focus is on developing and operating renewable energy power facilities in Canada, the United States, and Europe.
Boralex's primary source of energy is hydroelectricity, followed by wind power, solar power, and thermal power. The company has a total installed capacity of over 2,000 megawatts (MW) and operates in four main business segments: hydroelectric, wind power, solar power, and thermal power.
In addition to developing and operating renewable energy facilities, Boralex also offers energy storage services and energy efficiency solutions. The company has a strong commitment to sustainability and is constantly looking for innovative ways to reduce its environmental impact.
Headquartered in Quebec, Boralex has a strong presence in Canada, with over 1,500 MW of capacity in operation or under construction. It also has operations in the United States, with over 800 MW of capacity, and in France, with over 150 MW of capacity.
Boralex is committed to maintaining strong relationships with local communities, landowners, and indigenous groups in the areas where it operates. The company also places a strong focus on safety, both for its employees and for the communities in which it operates.
In addition to its renewable energy development and operation, Boralex is also involved in research and development activities, exploring new technologies and solutions to improve the efficiency and sustainability of its operations. The company also actively seeks out partnerships and collaborations with other companies and organizations to further its goals in the renewable energy sector.
In summary, Boralex is a leading renewable energy company that is committed to sustainable development, community engagement, and innovation. With its strong focus on renewable energy sources and its wide-ranging operations, the company is well-positioned for success in the growing renewable energy market.
What is special about the company?
1. Leader in renewable energy: Boralex is a leading developer, builder, and operator of renewable energy projects, with a focus on wind, hydro, solar, and biomass energy. The company has over 2,000 MW of installed capacity and its projects reduce CO2 emissions by 1.8 million tons annually.
2. Diversified portfolio: Boralex has a diversified portfolio of projects in various stages of development across Canada, the United States, France, and the United Kingdom. This provides stability and reduces risk for the company.
3. Strong financial performance: The company has consistently demonstrated strong financial performance, with a steady growth in revenue and profits in the past years.
4. Innovation and technological advancement: Boralex is committed to innovation and stays at the forefront of new technologies in the renewable energy sector. It has developed unique expertise in energy storage, forecasting, and efficiency optimization to increase the performance of its projects.
5. Green and sustainable practices: Sustainability is at the core of Boralex's business strategy. The company strives to reduce environmental impact, promote biodiversity, and involve local communities in its projects.
6. Social responsibility: Boralex is committed to social responsibility and has implemented various programs to promote community development, education, and economic growth in the areas where they operate.
7. Strong corporate governance: Boralex has a solid reputation for its strong corporate governance practices, transparency, and ethical business standards.
8. Industry recognition: The company has received numerous awards and recognition for its achievements in the renewable energy sector, including being named one of the Top 100 Global Clean Energy Companies and being listed on the Dow Jones Sustainability Index.
9. Investment potential: Boralex is a publicly traded company on the Toronto Stock Exchange, making it accessible for investors interested in renewable energy and sustainable investing.
10. Commitment to a greener future: Boralex's vision is to become the leader in the transition to a low-carbon economy. The company is committed to providing clean, reliable, and affordable energy sources to contribute to a greener future.
What the company's business model?
The Boralex company's business model involves the development, construction, and operation of renewable energy power plants. This includes wind, hydro, solar, and thermal energy projects in Canada, France, United States, and the United Kingdom. The company also offers energy storage services and energy efficiency solutions. Their primary goal is to provide clean and sustainable energy to their customers and communities while generating revenue and profits for their shareholders. They also prioritize environmental sustainability and social responsibility in their operations and investment decisions.
Interesting facts about the company
1. Boralex was founded in 1982 by two brothers, Patrick and Bernard Lemaire, in Kingsey Falls, Quebec, Canada.
2. The name Boralex is a combination of Bor from the Lemaire brother’s hometown, Bromptonville, and alex from their father’s name, Alex.
3. In the early years, Boralex primarily focused on hydroelectricity production, starting with small-scale plants in the Quebec region.
4. In 1999, Boralex expanded its operations to the United States with the purchase of a hydroelectric power plant in New Hampshire.
5. Today, Boralex has a diversified portfolio of renewable energy projects, including wind, hydroelectric, solar, and thermal energy.
6. As of 2021, Boralex has installed over 2,000 MW of renewable energy production capacity around the world.
7. The company has operations in Canada, the United States, France, and the United Kingdom.
8. Boralex is committed to sustainability and environmental responsibility, and has implemented various initiatives to reduce its carbon footprint, such as working towards net-zero emissions by 2050.
9. In 2016, Boralex was ranked as the 27th best corporate citizen in Canada by Corporate Knights magazine.
10. In 2018, Boralex was recognized as one of Canada’s Top 100 Employers for its commitment to employee satisfaction, workplace diversity, and community involvement.
11. Boralex has been actively involved in supporting its local communities through various initiatives, including the creation of the Boralex Community Fund, which invests in local sustainable development projects.
12. In 2019, Boralex entered into a partnership with the Cree Nation government to develop renewable energy projects in Eeyou Istchee, a region in northern Quebec, while also supporting local job creation and economic development.
13. Boralex has received numerous awards and recognitions for its renewable energy projects, including the Wind Project of the Year award for its Niagara Region Wind Farm in Ontario.
14. Boralex is listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol BLX.
15. The company continues to grow and expand its renewable energy portfolio, with plans to reach 4,000 MW of energy production capacity by 2023.

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