Boralex and Walpole Island First Nation Secure $172 Million for Tilbury Battery Project

Boralex Inc Cl A ( (TSE:BLX) ) has issued an update.

Boralex Inc. and the Walpole Island First Nation have successfully secured $172 million in financing for the Tilbury Battery Storage project in Ontario, marking a significant milestone in their sustainable energy efforts. This financing, supported by major Canadian banks, underscores Boralex’s financial robustness and the project’s promise, with commercial operations expected to begin in late 2025.

More about Boralex Inc Cl A

Boralex Inc. operates in the renewable energy industry, focusing on providing sustainable and innovative energy solutions. The company is involved in various energy projects, including battery storage, and is committed to partnerships with indigenous communities, as evidenced by their work with the Walpole Island First Nation.

YTD Price Performance: -5.39%

Average Trading Volume: 292,701

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.82B

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