Renewable Firm Boralex to Invest $5 Billion to Double Output

Canadian renewable power firm Boralex Inc. plans to invest as much as C$6.8 billion ($5 billion) to more than double its production output even as it takes a more cautious stance in the US.
Chief Executive Officer Patrick Decostre said the Montreal-based company will boost its installed capacity from 3.2 gigawatts currently to about 7 gigawatts by 2030. The increase will be driven by solar and wind power, as well as battery storage projects in Canada, France, the UK and the US. The firm expects to spend another C$1.2 billion after 2030 to reach 8 gigawatts.

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New York Times

24 minutes ago

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