This website is under development, but we are pushing out updates as we build, so check back Nov. 1 for our official launch.

Boralex Reports Q2 Profit Drop to CAD 17 Million Amid Lower Power Output and Selling Prices in France.

Boralex Inc (TSE:BLX) has reported a decrease in Q2 net profit to CAD 17 million (USD 12.4m/EUR 11.3m) due to decreased power output and lower selling prices in France. The company also reported a net attributable profit of CAD 11 million, down from CAD 16 million a year ago. Revenues from energy sales and feed-in premium also decreased by 14% annually. The strategy of optimising power selling prices and new plants in France also contributed to this decrease. EBITDA improved by 9% year-on-year, coming at CAD 130 million. At the end of June, Boralex had 6.8 GW of wind, solar and energy storage projects in its development pipeline.

Share:

More Posts

Send Us A Message