Boralex Inc. Website

Boralex Inc.

TSX-BLX

Company Overview

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

  • Name

    Boralex Inc.

  • CEO

    Patrick Decostre

  • Website

    www.boralex.com

  • Sector

    Independent Power and Renewable Electricity Producers

  • Year Founded

    1982

Company Statistics

Profile

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Bulls Say

  • Boralex has a history of being a disciplined developer of renewable energy projects.

  • The company employs a conservative capital structure and low payout ratio relative to peers.

  • Boralex offers investors exposure to the growing adoption of renewable energy.

Bears Say

  • Boralex’s long-term strategy seeks to expand its solar presence, where it has limited experience.

  • The large amounts of money looking to invest in renewable projects increases competition for projects, compressing returns.

  • Boralex lacks the scale of larger industry peers.

Source: Morningstar Analysis - Nov 12, 2025
TSX:BLX