22:03:37 EDT Mon 15 Jul 2024
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Boralex Inc
Symbol BLX
Shares Issued 102,766,104
Close 2023-12-15 C$ 34.19
Market Cap C$ 3,513,573,096
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Globe says Boralex upbeat about Quebec's power plan

2023-12-18 07:22 ET - In the News

The Globe and Mail reports in its Saturday edition that Hydro-Québec chief executive Michael Sabia recently unveiled a master plan for Quebec's energy future that is breathtaking in scope and substance. The Globe's Nicolas Van Praet writes that for this societal transformation to work, Mr. Sabia will have to persuade Quebeckers in every corner of the province to get on board, from Innu communities to the smallest hamlets and biggest cities. The Sabia blueprint will see the utility spend as much as $185-billion to transform Quebec's energy landscape from now until 2035, including $110-billion on new clean power generation facilities and $50-billion to improve the reliability of the electrical grid. The goal: decarbonize Quebec's economy and build wealth by making the province a magnet for innovative companies using and producing green energy. The numbers are mind-boggling and so are the images that Mr. Sabia evokes. Build thousands of new wind power turbines, enough to cover 15 times the area of the Montreal island. Boralex chief executive officer Patrick Decostre said, "There is still a very important appetite from lenders in Quebec, in Europe and in Asia to finance long-term contracts with Hydro-Québec."

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