oralex is a major player in the renewable energy
Based in Canada, active in the United States, and firmly established in France, we are striving to expand our boundaries in order to harness growth wherever it may be. We will continue to increase our installed capacity with renewable natural resource-based energy in addition to seizing business opportunities provided by the global energy transition. All of our initiatives are carried out in a manner that respects our employees, partners, communities and the environment. Dialogue and consultation are part of our DNA.
Our strength lies in the expertise, skills and ingenuity of our employees.
We are committed to achieving this vision by ethically managing our facilities, being an exemplary corporate citizen, giving back to the communities and providing sustained financial performance for our shareholders and partners.
, team spirit
are the cornerstones of Boralex’s management philosophy.
Boralex’s values reflect the attitude and culture instilled in all of our employees. Our values inspire our development, inform our decision-making and guide our actions.
ascades moves into the energy sector, starting up the first natural gas-fired cogeneration plant in Canada, at Kingsey Falls. The Kingsey Falls site becomes one of the first power stations in Québec to supply electricity to the Hydro-Québec grid.
In 1995, through its subsidiary Cascades Énergie, Cascades acquires through a reverse takeover an 82.5% interest in Boralex, a joint company founded in 1982 by a group of businessmen. In 1998, Boralex gains its first foothold in France with the acquisition of La Rochette hydroelectric power station. … In 2016, Boralex creates a joint venture with AWEC to develop the Alberta and Saskatchewan markets. Boralex is chosen by the Innu Nation of Quebec to develop and build a 200 MW wind project. In 2017, Boralex closes the purchase of the 230 MW Niagara Region Wind Farm, the largest acquisition of its history. Located in Ontario, this facility increases the Corporation’s installed capacity by 21%.
- To strike the proper balance between the growth of assets, discretionary cash-flow per share and giving back to our shareholders under the form of dividends;
- Acquisition, development and operation of renewable energy assets covered by long-term indexed, fixed-price energy sales contracts or to be submitted in connection with competitive requests for proposals;
- Financial discipline to provide long-term returns exceeding the Corporation’s cost of capital, particularly in its areas of expertise – wind, hydroelectric and solar power;
- Focus of development initiatives mainly in North America and Europe including the development of greenfield opportunities, potential partnerships or selected acquisitions.