Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to report the addition of new projects to its portfolio and significant progress made on certain development projects in the second quarter of 2023.
“The increase in combined operating income and combined EBITDA(A) in the second quarter is attributable to the commissioning of assets and to high electricity prices in France as well as to the contribution of the acquisition of wind assets in the United States. These elements more than offset the pressure on results due to unfavorable weather conditions in North America at the end of the quarter. The second quarter also saw the selection of two energy storage projects totalling 380 MW under the Ontario request for proposals,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “This announcement marks a very important milestone for Boralex as we aim to expand our energy storage portfolio and achieve the growth and diversification objectives of our 2025 Strategic Plan.”