Commissioning of Limekiln Wind Farm
Successfully commissioned the Limekiln wind farm in Scotland, marking Boralex's first operating asset in the United Kingdom, contributing to over 3.2 gigawatts of assets in operation.
Growth in North America Wind Production
North America wind assets production increased by 15% compared to the same quarter last year, exceeding anticipated production by 6%.
Strong Pipeline and Strategic Positioning
Boralex has nearly 7.1 gigawatts of wind, solar, and storage projects in the pipeline, with 660 megawatts in construction and ready to build phase, indicating robust future growth potential.
Extended Financial Flexibility
Extended the revolving credit facility until February 2030 and increased the letter of credit facility to $470 million until April 2027, enhancing financial flexibility.
Positive Market Conditions in Canada
Favorable market conditions in Canada, with government incentives and strong growth potential in Quebec and Ontario.