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Boralex Inc
Symbol BLX
Shares Issued 102,766,104
Close 2023-07-07 C$ 35.02
Market Cap C$ 3,598,868,962
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Boralex projects selected in France's call for tenders

2023-07-10 09:32 ET - News Release

Mr. Nicolas Wolff reports


Two of Boralex Inc.'s projects, totalling 39.7 megawatts, have been selected in the latest onshore wind call for tenders conducted by the Ministry of Ecological and Solidarity Transition of France.

"At a time when the electrification of our society cannot be achieved without a massive deployment of renewable energy, the results announced today signal a strong outlook for the industry. We were able to meet the government's quality requirements. A few days after announcing the commissioning of our Preveranges wind farm, we are delighted to know that two new Boralex wind projects will, in the very short term, contribute to France's 2030 decarbonization ambitions," said Nicolas Wolff, executive vice-president and general manager, Europe, at Boralex.

These projects have received the necessary administrative authorizations and will allow Boralex to benefit from a feed-in premium contract for 20 years as of the start of commercial operation.

Boralex has a portfolio of over 1.9 gigawatts of wind and solar projects in France at various stages of development. It currently has over 1.2 gigawatts of wind and solar facilities in operation in France and approximately 2.5 gigawatts worldwide. The completion of these projects will contribute to Boralex's targeted growth in the French market, in line with its strategic plan.

About Boralex Inc.

At Boralex, the company has been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, Boralex also has facilities in the United States and development projects in the United Kingdom. Over the past five years, the company's installed capacity has more than doubled to over three gigawatts. Boralex is developing a portfolio of over six gigawatts in wind, solar projects and storage projects, guided by the company's values and its corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to its fearlessness, its discipline, its expertise and its diversity, the company continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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