About Boralex
Boralex is a company based in Kingsey Falls (Canada) founded in 1982.. The company has 822 employees as of December 31, 2024. Boralex has completed 2 acquisitions, including Infinergy and NRWF. Boralex offers products and services including Wind Farms, Solar Farms, Hydro Power Plants, and Energy Storage Units. Boralex operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Cypress Creek Renewables, Neoen and ReNew, among others.
- Headquarter Kingsey Falls, Canada
- Employees 822 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Boralex Inc. Class A
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Annual Revenue
$592.86 M (USD)-16.54as on Dec 31, 2024
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Net Profit
$25.02 M (USD)-53.85as on Dec 31, 2024
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EBITDA
$363.5 M (USD)-2.79as on Dec 31, 2024
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Latest Funding Round
$51.8 M (USD), Post-IPO
Jul 11, 2018
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Investors
CIC
& 4 more
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Employee Count
822
as on Dec 31, 2024
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Investments & Acquisitions
Infinergy
& 1 more
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IPO & Listings of Boralex
Boralex is a publicly listed company on the TSX with ticker symbol BLX in Canada, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Boralex
Boralex offers a comprehensive portfolio of products and services, including Wind Farms, Solar Farms, Hydro Power Plants, and Energy Storage Units. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Develop and operate wind energy projects for power generation
Develop and operate solar energy projects for electricity production
Build and manage hydroelectric facilities for consistent energy supply
Provide storage solutions for integrating renewable energy sources
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Funding Insights of Boralex
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $51.8M
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First Round
First Round
(28 Feb 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Post-IPO - Boralex | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - Boralex | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - Boralex | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Boralex
Boralex has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include CIC, Bpifrance and Caisse de depot et placement du Quebec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Offers savings plans, investments, and financing for businesses and individuals.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to retail and corporate clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Boralex
Boralex has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Infinergy and NRWF. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wind energy projects are developed in Canada since 2020.
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2020 | ||||
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Developer of solar & wind powered projects
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Boralex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boralex Comparisons
Competitors of Boralex
Boralex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octopus Energy, NextEra Energy, Cypress Creek Renewables, Neoen and ReNew, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
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| domain | founded_year | HQ Location |
Renewable energy is generated in solar, wind, and biomass sectors.
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| domain | founded_year | HQ Location |
Utility-scale renewable energy generation and decarbonization solutions are provided.
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| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Boralex
Frequently Asked Questions about Boralex
When was Boralex founded?
Boralex was founded in 1982 and raised its 1st funding round 36 years after it was founded.
Where is Boralex located?
Boralex is headquartered in Kingsey Falls, Canada. It is registered at Kingsey Falls, Quebec, Canada.
How many employees does Boralex have?
As of Dec 31, 2024, the latest employee count at Boralex is 822.
What is the annual revenue of Boralex?
Annual revenue of Boralex is $592.86M as on Dec 31, 2024.
What does Boralex do?
Boralex was established in 1982 in Kingsey Falls, Canada, within the renewable energy sector. Projects in wind, solar, and hydroelectric power are developed and managed by the company. Operations span development, financing, construction, and long-term asset management. Focus is placed on North American markets, with assets maintained across Canada and the United States to support energy transition efforts.
Who are the top competitors of Boralex?
Boralex's top competitors include Octopus Energy, NextEra Energy and Neoen.
What products or services does Boralex offer?
Boralex offers Wind Farms, Solar Farms, Hydro Power Plants, and Energy Storage Units.
Is Boralex publicly traded?
Yes, Boralex is publicly traded on TSX under the ticker symbol BLX.
How many acquisitions has Boralex made?
Who are Boralex's investors?
Boralex has 5 investors. Key investors include CIC, Bpifrance, Caisse de depot et placement du Quebec, Crédit Agricole du Nord Est, and Fonds de solidarite FTQ.
What is Boralex's ticker symbol?
The ticker symbol of Boralex is BLX on TSX.
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