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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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A Remarkable Year for Boralex in 2020


A Remarkable Year for Boralex in 2020
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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 periods in 2019
Total combined production above 2019 production and anticipated production
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For the fourth quarter: 5% increase over 2019 and 7% higher than anticipated production ....

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