Table of Content


COMPANY EXECUTIVE SUMMARY 1
Table of Contents 2
Tables 5
Charts 6
Boralex Inc. - Key Company Facts 7
Boralex Inc. - Company Description 8
Boralex Inc. - Top Executives 9
Boralex Inc.- Top Executives Biographies 10
Boralex Inc.- Head Office & Locations 13
Head Office - Country 13
Key Subsidiaries 14
Key Joint Ventures 15
Boralex Inc. - Products and Services 16
Products 16
Services 17
Boralex Inc. - Historic Events 18
Boralex Inc. – Company’s Management Discussion 20
Boralex Inc. – Company’s Mission and Vision 23
Mission 23
Vision 23
Boralex Inc. - Corporate Strategy 24
Boralex Inc. - Business Description 28
North America 28
Europe 29
Boralex Inc. - ESG Spotlight 30
Environment 31
Social 31
Corporate Governance 32
Boralex Inc. - SWOT Analysis 34
Overview 34
Strengths 36
Weaknesses 40
Opportunities 42
Threats 45
Boralex Inc. - Financial Deep Dive 47
Share Price Trend - Jun-2023 to Jun-2024 (Average Share Closing Price) 47
Profit and Loss Statement 49
Balance Sheet 50
Cash Flow Statement 51
Key Financial Ratio Analysis 52
Boralex Inc. - Ratio Charts 53
Activity Ratio Charts 53
Growth Ratios Charts 54
Leverage Ratio Charts 55
Liquidity Ratio Charts 56
Profitability Ratio Charts 57
Competing Players 58
Snapshot of Competing Players 59
Brookfield Renewable Partners L.P. 59
Key Company Facts 59
Company Description 59
Snapshot of Competing Players 61
Innergex Renewable Energy Inc. 61
Key Company Facts 61
Company Description 61
Snapshot of Competing Players 63
NextEra Energy Inc. 63
Key Company Facts 63
Company Description 63
Snapshot of Competing Players 65
Orsted AS 65
Key Company Facts 65
Company Description 65
Snapshot of Competing Players 67
Epcor Utilities Inc 67
Key Company Facts 67
Company Description 67
Boralex Inc. - In the News 68
15-May-2024 -Boralex announces the election of its directors and highlights of its Annual Meeting of Shareholders 68
10-May-2024 -125 MW Awarded in Ontario LT1 RFP Boralex consolidates its position as a leading battery storage developer in Canada 69
09-Nov-2023 -Boralex awards Balance of Plant contract for Limekiln Wind Farm to RJ McLeod 70
10-Jul-2023 -Two Boralex projects selected in the latest call for tenders in France 71
28-Jun-2023 -Boralex ranks once again among Corporate Knights’ Best 50 Corporate Citizens in Canada 71
02-May-2023 -France: Power storage unit commissioned at the Plouguin wind farm 73
26-Jan-2023 -2 Boralex Projects Totaling 365 MW Selected in Hydro-Quebec Wind Power Call for Tenders 73
20-Dec-2022 -Three Boralex projects selected in France’s first technology-neutral tender 75

30-Jun-2022 -Boralex announces the commissioning of 53 MW of wind farms in France 75
10-May-2022 -Limekiln Extension given the green light 77
Boralex Inc. - Key Deals 78
05-Jan-2023 - Boralex acquires 50% interest in five US wind farms 78
04-Jul-2022 - Boralex consolidates its presence in the United Kingdom by acquiring Infinergy, including portfolio of projects in development of 338 MW 79
Appendix 81
Definitions 81
SWOT Analysis 81
PESTLE Analysis 81
Value Chain Analysis 81
ESG Spotlight 81
Financial Deep Dive 81
Financial Ratios - 82
Activity Ratios 82
Growth Ratios 83
Leverage Ratios 84
Liquidity Ratios 85
Market Ratios 86
Profitability Ratios 86
Research Methodology 87
Disclaimer 88
Contact Us 88



List of Figures

Charts

Figure 1: Boralex Inc.- SWOT Analysis 35
Figure 2: Boralex Inc. - Average Share Price Trend - Jun-2023 to Jun-2024 48
Figure 3: Boralex Inc. - Profit and Loss Statement - 2020-2023 49
Figure 4: Boralex Inc. - Balance Sheet - 2020-2023 50
Figure 5: Boralex Inc. - Cash Flow Statement 2020-2023 51
Figure 6: Boralex Inc. - Activity Ratio Charts 53
Figure 7: Boralex Inc. - Growth Ratio Charts (Value %) 54
Figure 8: Boralex Inc. - Leverage Ratio Charts 55
Figure 9: Boralex Inc. - Liquidity Ratio Charts 56
Figure 10: Boralex Inc. - Profitability Ratio Charts (Value %) 57
Figure 11: Competing Players - Brookfield Renewable Partners L.P. - Key Financials 60
Figure 12: Competing Players - Innergex Renewable Energy Inc. - Key Financials 62
Figure 13: Competing Players - NextEra Energy Inc. - Key Financials 64
Figure 14: Competing Players - Orsted AS - Key Financials 66

List of Tables

Tables

Table 1: Boralex Inc. - Company Facts 7
Table 2: Boralex Inc. - Top Executives 9
Table 3: Boralex Inc. - Top Executives Biographies 10
Table 4: Boralex Inc. - Subsidiaries 14
Table 5: Boralex Inc. - Key Joint Ventures 15
Table 6: Boralex Inc. - Products 16
Table 7: Boralex Inc. - Services 17
Table 8: Boralex Inc. - Historic Events 18
Table 9: Boralex Inc. - Share Price Trend - Jun-2023 to Jun-2024 47
Table 10: Boralex Inc. - Ratio Analysis - 2020-2023 52
Table 11: Boralex Inc. - Competing Players 58
Table 12: Competing Players - Brookfield Renewable Partners L.P. - Key Company Facts 59
Table 13: Competing Players - Innergex Renewable Energy Inc. - Key Company Facts 61
Table 14: Competing Players - NextEra Energy Inc. - Key Company Facts 63
Table 15: Competing Players - Orsted AS - Key Company Facts 65
Table 16: Competing Players - Epcor Utilities Inc - Key Company Facts 67