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Boralex announces the election of its directors and highlights of its Annual Meeting of Shareholders


Boralex announces the election of its directors and highlights of its Annual Meeting of Shareholders
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MONTRÉAL, May 5, 2021 /PRNewswire/ - Boralex Inc. ( Boralex  or the  Corporation ) (TSX: BLX) held its virtual Annual Meeting of Shareholders earlier this morning. During the meeting led by Alain Rhéaume, Chairman of the Board, the nominated directors were elected, and all resolutions submitted were passed.
Mr. Rhéaume praised Boralex s management team and employees for their efforts, the quality of their work and their ability to adapt in the complex environment of the COVID-19 pandemic. He also highlighted the integration of Boralex s new corporate social responsibility (CSR) strategy into its strategic directions. Mr. Rhéaume also took the opportunity to thank Patrick Lemaire for his 14 years at the head of Boralex as President and CEO, a duty that was taken over by Patrick Decostre on Decembe ....

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Boralex adds 180 MW to its project portfolio and posts net earnings of $38 million in Q1 2021


Boralex adds 180 MW to its project portfolio and posts net earnings of $38 million in Q1 2021
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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 anticipated production
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Recent acquisitions and projects commissioning met expectations
Contribution of $29 million ($20 million) to EBITDA(A) from acquisitions of CDPQ s equity interests in three wind farms in Quebec, seven solar farms in the United States, as well as projects commissioning ....

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