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Boralex adds 180 MW to its project portfolio and posts net earnings of $38 million in Q1 2021 News provided by Share this article 1st quarter of 2021 highlights Discretionary cash flow over the last 12 months at $142 million, in line with the 2023 target of $140 to $150 million EBITDA(A) of $151 million ($162 million) in Q1-2021 compared to $149 million ($169 million) in Q1-2020 Net earnings of $38 million ($43 million) in Q1-2021 vs $44 million ($37 million) in Q1-2020 Total combined production in line with corresponding quarter in 2020 Total production: in line with Q1-2020 and 1% below an...

Boralex posted C$137m (€90m) in earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter of 2020 down 4% on the same period in 2019. In Q4 2020, Boralex generated 1468 gigawatt hours of power, an increase of 8% compared to 1364GWh in the same quarter in 2019, a result of more favourable conditions in Canada’s wind and hydroelectric sectors, as well as the acquisition of the CDPQ’s equity interests in three Boralex wind farms in Quebec. Canadian wind power generation was 34% higher than in the fourth quarter of 2019 and 27% higher than anticipated. Wind...

A Remarkable Year for Boralex in 2020 News provided by Share this article 415 MW addition to production capacity and growing projects in development Highlights Strong growth in discretionary cash flow and combined EBITDA(A) in 2020  Cash flow totaling $146 million in 2020 and $67 million in Q4 2020, a 22% increase for the fiscal year and a 2 % decrease in the fourth quarter compared to corresponding periods in 2019 Combined EBITDA(A) of $513 million in 2020 and $155 million in Q4 2020, a 4% increase for the fiscal year and a 6% decrease in the fourth quarter compared to corresponding perio...

Govt vows to end ‘energy poverty’: Oil minister Dharmendra Pradhan India’s energy demand has almost recovered to pre-covid levels, said Union minister Dharmendra Pradhan. 2 min read Share Via Read Full Story India, one of the world’s top energy consumers, is preparing a road map to achieve Aatmanirbhar Urja or self-reliance in energy, petroleum and natural gas minister Dharmendra Pradhan said on Thursday. The plans for energy security span increased crude oil and natural gas production to hydrogen gas and solar and wind power as it seeks to meet rising domestic demand. TRENDING STORIE...

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