Boralex Inc. Launches 2030 Strategy for Sustainable Growth in Renewable Energy
- Boralex Inc. aims for 8 GW installed capacity by 2030 across Canada, the US, France, and the UK.
- The company plans to increase contract durations from 11 to 14 years to secure competitive financing.
- Boralex emphasizes corporate social responsibility and financial discipline to address global warming and drive sustainable growth.
Boralex Unveils Ambitious 2030 Strategy to Drive Sustainable Growth in Renewable Energy Sector
Boralex Inc. is set to reshape its trajectory in the renewable energy sector with the unveiling of its 2030 Strategy, presented during an Investor Day on June 17, 2025, in Toronto. The event, which attracts financial analysts, investors, and media representatives, highlights the company’s commitment to sustainable growth as it aims to achieve an ambitious installed capacity of 8 gigawatts (GW) across Canada, select U.S. states, France, and the United Kingdom. With over 30 years of leadership in renewable energy, particularly as the largest independent producer of onshore wind power in Canada and France, Boralex is positioning itself to capitalize on high-quality project pipelines while addressing climate change through innovative practices.
President and CEO Patrick Decostre emphasizes the critical nature of long-term power purchase agreements with a diversified customer base as part of the strategy. A key objective is to increase the weighted average duration of contracts from 11 to 14 years, which will enhance Boralex's ability to secure competitive financing and reinvest in profitable projects. This approach not only mitigates risks associated with mergers and acquisitions but also aligns with the company’s goal of creating long-term value for shareholders. The introduction of a new metric—growth of discretionary cash flows per share—underscores Boralex's focus on organic financial performance, which reflects its nearly tripled development pipeline over the last five years.
Boralex's commitment to corporate social responsibility (CSR) further reinforces its position as an industry leader committed to sustainable practices. Senior Vice President and CFO Bruno Guilmette highlights the company's dedication to financial discipline and capital recycling for mature assets, which fosters continued growth while addressing the pressing challenges of global warming. As Boralex continues to expand its portfolio of wind, solar, and storage projects, its 2030 Strategy stands as a testament to its proactive approach in navigating the evolving landscape of the renewable energy sector.
Boralex invites interested parties to explore the details of its strategic plan and financial objectives further through its website, where presentation materials from the Investor Day are available. The company remains open to inquiries from investors and media, showcasing its commitment to transparency and engagement within the renewable energy community. As it embarks on this ambitious journey, Boralex reinforces its mission to drive sustainable energy solutions while fostering a cleaner, greener future.
