About Boralex
Boralex is a publicly listed company based in Kingsey Falls (Canada) founded in 1982, and was acquired by Brookfield Asset Management in March 2026. Developer of renewable energy projects. The company has 822 employees. Boralex has completed 2 acquisitions, including Infinergy and NRWF. Its website boralex.com draws about 26 thousand monthly visits. Boralex offers products and services including Wind Farms, Solar Farms, Hydro Power Plants, and Energy Storage Units. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its legal entity is Boralex Inc.
Company details
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.
- Headquarters Kingsey Falls, Canada
- Employees 822
- Stage Public
- SectorsEnergy & Utilities
- Website boralex.com/en
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Brookfield Asset Management (Mar 2026)
- Legal Name Boralex Inc. Class A
- Annual Revenue$592.86 M (USD)-16.54as on Dec 31, 2024
- Net Profit$25.02 M (USD)-53.85as on Dec 31, 2024
- EBITDA$363.5 M (USD)-2.79as on Dec 31, 2024
- Latest Funding Round$51.8M (USD), Post-IPO
Jul 2018
- InvestorsCIC
& 5 more
- Employee Count822
- Investments & AcquisitionsInfinergy
& 1 more
- Acquired byBrookfield Asset Management
(Mar 2026)
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.
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
Apps and channels of Boralex
its YouTube channel Attacker has 6 subscribers.
Funding Insights of Boralex
- Total Rounds 4
- Last Round Post-IPO — $51.8M
- First Round $136M
(Feb 2018)
- Investors Count 5
All 4 funding rounds of Boralex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $51.8M | Post-IPO | – | – | – |
| Mar 2018 | $232.45M | Debt – Conventional | – | – | |
| Mar 2018 | $356.64M | Debt – Conventional | – | – | – |
| Feb 2018 | $136M | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in Boralex
Boralex has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include CIC, Bpifrance and Brookfield Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment strategies are provided across diverse asset classes and markets. | 1965 | cdpq.com | Quebec City, Canada | |
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Offers savings plans, investments, and financing for businesses and individuals. | 1983 | fondsftq.com | Montreal, Canada | |
Commercial banking services are provided to retail and corporate clients. | 1859 | cic.fr | Paris, France | |
Commercial banking services are offered in northeastern France. | 1999 | ca-nord-est.fr | Reims, France | |
Corporate consultancy, advisory, and funding services are provided to businesses. | 2012 | bpifrance.com | Maisons Alfort, France |
Investor details for Boralex
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People of Boralex
115 people are tracked at Boralex (36 in leadership, 10 in board & advisors, 69 in team); the tracked headcount is 822.
| Name | Role | Group |
|---|---|---|
Francis Chartrand | Senior Vice President Project Delivery North America | Leadership |
Merritt Mays | Director Of Wind Asset (us & On) | Leadership |
Pascal Hurtubise | EVP & Chief Legal Officer | Leadership |
Hugues Girardin | EVP & General Manager, North America | Leadership |
Martin le Comte M.sc | Director, Development Project Management And Performance | Leadership |
Nicolas Wolff | EVP & General Manager Boralex, Europe | Leadership |
Florence Leroy | Marketing & Communications Director, Europ | Leadership |
Marie-Claude Guerin | Senior Director Corporate Financing Treasury And Insurance | Leadership |
Marie-Josée Arsenault | VP, Talent & Culture | Leadership |
Giannino Martin | Operational Excellence Deputy Director | Leadership |
Patrick Decostre | President & CEO | Leadership |
Andreea Sasu | Senior Director Corporate Marketing & Communications | Leadership |
David Lett | Head Of Project - Des Neiges Sud | Leadership |
Philippe Halliday | Director, Corporate Development And Renewable Engineering Specialist | Leadership |
Alfredo Cahuas | Director, Project Finance | Leadership |
Adam Rosso | Senior Vice President - Development - North America | Leadership |
Esbjorn Wilmar | Country Director UK | Leadership |
Julien Dugenetay | Senior VP Boralex, Deputy General Manager & CFO Boralex Europe | Leadership |
Chloé Beaudry-Forgues | Director - Transformation Office And Business Performance | Leadership |
Marybel Hudon | Directrice, Affaires Juridiques Amérique Du Nord - Director, Legal Affairs North America | Leadership |
95 more people are available in the full profile.
Complete people profiles for Boralex
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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.
- IPO date06 Dec 1996
- Listed onTSX: BLX
- Listed entityBoralex Inc. Class A
- Exchange sectorUtilities
- ISINCA09950M3003
- Share price36.77 CAD (-0.05% on the day) · 2026-05-11
- Market capitalisation3,778,301,296.00 CAD
- Price to earnings540.7
- EPS (diluted, trailing year)0.07 CAD
- Dividend yield1.79%
- Volume (last session)392,506
- Analyst consensusNeutral
Financials of Boralex
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 853.0M CAD | 36.0M CAD | 523.0M CAD |
| 2023 | 1.02B CAD | 78.0M CAD | 538.0M CAD |
| 2022 | 836.0M CAD | 30.0M CAD | 490.0M CAD |
| 2021 | 691.0M CAD | 17.0M CAD | 477.0M CAD |
| 2020 | 633.0M CAD | 55.0M CAD | 415.0M CAD |
Detailed financial statements for Boralex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Boralex
Boralex has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Infinergy and NRWF.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of solar & wind powered projects | infinergy.co.uk | Wimborne Minster, United Kingdom | 2003 | Jul 2022 | •••• | |
Wind energy projects are developed in Canada since 2020. | nrwf.ca | Canada | 2020 | Dec 2016 | $238.5M |
Complete acquisition details for Boralex
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Timeline of Boralex
7 dated milestones of Boralex across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Boralex is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires NRWF.
- Funding First funding round of $136.0M.
- Funding Latest funding round, Post-IPO, of $51.8M.
- Acquisition Acquires Infinergy.
- Exit Acquired by Brookfield Asset Management.
Web traffic of Boralex
The website of Boralex (boralex.com) receives about 26.1K visits a month.
- Monthly visits26.1K
▲ 22.8% vs previous month
Websites whose visitors overlap most with Boralex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| akuoenergy.com | 100% | 13.3K | #1,824,288 | View details | |
engie-green.fr | engie-green.fr | 100% | #3,255,057 | – | |
| valorem-energie.com | 100% | 86.5K | #396,291 | View details | |
| thewindpower.net | 100% | 113.7K | #337,113 | View details | |
| totalenergies.com | 100% | 2.6M | #25,090 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Boralex
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Related news about Boralex
Complete news archive for Boralex
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Frequently Asked Questions about Boralex
Boralex was founded in 1982 and raised its 1st funding round 36 years after it was founded.
Boralex is headquartered in Kingsey Falls, Canada. It is registered at Kingsey Falls, Quebec, Canada.
Boralex has 822 employees.
Annual revenue of Boralex is $592.86M as on Dec 31, 2024.
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.
Boralex offers Wind Farms, Solar Farms, Hydro Power Plants, and Energy Storage Units.
Yes, Boralex is publicly traded on TSX under the ticker symbol BLX.
Boralex has 6 investors. Key investors include CIC, Bpifrance, Brookfield Asset Management, Caisse de depot et placement du Quebec, and Crédit Agricole du Nord Est.
Boralex operates through Boralex Inc..
Yes. Boralex was acquired by Brookfield Asset Management in March 2026.