Boralex

Name

Boralex

Legal name

Boralex Inc.

Website

https://boralex.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Independent Renewable Power Generation

NAICS

Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Battery Management Systems (BMS) & Safety Controls (EUAFAAAD)

akta.pro secondary industry

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)

Keywords

• Renewable energy generation
• Wind power production
• Solar power generation
• Battery energy storage
• Hydroelectric power

Headquarters

HQ city

Kingsey Falls

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Power Purchase Agreement Revenue: Long-term PPAs with utilities and corporate buyers provide contracted revenue streams from operating wind, solar, hydro, and storage assets. Pricing linked to regulated tariffs or market rates with inflation escalators.
2. Project Development Services: Development fees and equity returns from new project construction including wind farms, solar farms, and battery storage facilities developed for own portfolio or in partnership with third parties.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Boralex is an independent power producer that develops, builds, and operates renewable energy power stations — wind, solar, hydroelectric, and battery energy storage — selling the generated electricity through long-term Power Purchase Agreements to utilities, grid operators, and corporate buyers. As of December 31, 2025, the company operated 3.8 GW of installed capacity across 139 sites in Canada, the United States, France, and the United Kingdom, with a development pipeline targeting 8.2 GW by 2030.

Product overview

Boralex is a Canadian independent power producer (IPP) that develops, builds, and operates renewable energy sites across North America and Europe. The company offers four core product lines: Wind Energy Solutions (2,952 MW installed, leader in onshore wind in Canada and largest independent producer in France), Solar Energy Solutions (268 MW installed), Hydroelectric Power Solutions (178 MW installed), and Energy Storage Solutions (385 MW installed, Canada's largest battery storage operator). The portfolio includes operational projects such as the Apuiat Wind Farm (200 MW), Sanjgon Battery Storage (80 MW/320 MWh), Hagersville Battery Storage (300 MW/1,200 MWh, Canada's largest operating BESS), and La clé des champs Solar Farm (12.5 MWc), as well as projects in development including Des Neiges Wind (400 MW+). Boralex operates 3.8 GW of installed capacity across 139 sites in Canada, France, United States, and United Kingdom, with a development pipeline of 8.2 GW targeting approximately 7 GW installed capacity by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Energy Solutions Onshore wind power generation projects providing renewable electricity. Boralex is a leader in onshore wind in Canada and the largest independent producer of onshore wind in France, with 2,952 MW of installed wind capacity globally across wind farms such as Apuiat (200 MW) and Limekiln (106 MW).
• Solar Energy Solutions Solar photovoltaic power generation projects. Boralex operates solar farms across North America and Europe with 268 MW of installed solar capacity, including La clé des champs (12.5 MWc) in France, and is quickly developing solar projects in New York, Illinois, and Pennsylvania.
• Hydroelectric Power Solutions Hydroelectric power generation providing consistent, year-round renewable energy. Boralex operates hydroelectric facilities with 178 MW of installed capacity across 9 power plants in Canada.
• Energy Storage Solutions Battery energy storage systems (BESS) that support renewable energy integration and grid stability. Boralex has become Canada's largest battery storage operator with 385 MW of installed storage capacity, using Tesla Megapack systems at facilities including Hagersville, Sanjgon, and Oxford.
• Apuiat Wind Farm 200 MW onshore wind farm located in Port-Cartier, Quebec, Canada. Commissioned October 2025 with a 30-year power purchase agreement.
• Sanjgon Battery Energy Storage 80 MW / 320 MWh battery energy storage facility located in Lakeshore, Ontario, Canada. Boralex's first operational energy storage site in North America, commissioned December 2025 in partnership with Walpole Island First Nation.
• Hagersville Battery Energy Storage Park 300 MW / 1,200 MWh battery energy storage facility in Hagersville, Ontario, Canada. Canada's largest operating battery storage system, using 334 Tesla Megapack 2XL units. Joint project with Six Nations of the Grand River Development Corporation.
• La clé des champs Solar Farm 12.5 MWc solar farm located in Saint-Christophe-sur-Dolaizon, Haute-Loire, France. Commissioned October 2022.
• Des Neiges Wind Project Up to 1.2 GW wind power project (Des Neiges - Secteur Sud is 400 MW) in development in MRC de La Côte-de-Beaupré, Quebec, Canada. Joint project involving Hydro-Québec, Boralex, and Énergir Développement with approximately C$3bn ($2.1bn) investment.
• Oxford Battery Energy Storage Project 125 MW / 500 MWh battery energy storage project in Ontario, Canada. Third joint battery energy storage project with Six Nations of the Grand River Development Corporation.
• Limekiln Wind Farm 106 MW wind farm in the United Kingdom, commissioned in 2025.

Quantifiable outcome

• 3.8 GW of installed capacity generating renewable energy across 139 operating sites
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Six Nations of the Grand River Development Corporation (SNGRDC)coreStrategic or Co-development Partner · 3 March 2026Joint venture partnership for battery energy storage projects including Hagersville BESS (300 MW/1,200 MWh) - Canada's largest operating storage facility. Also includes Oxford BESS (125 MW/500 MWh). SNGRDC holds equity stake and construction work performed by A6N partnership. Six Nations is largest Indigenous holder of battery storage assets in North America.
• Walpole Island First NationcoreStrategic or Co-development Partner · 6 January 2026Partnership for Sanjgon Battery Energy Storage facility (80 MW/320 MWh) in Lakeshore, Ontario. First operational energy storage site in North America for Boralex. Includes Community Benefit Agreement providing $1,000 per MW annually to local initiatives.
• France Energy Regulator (CRE)minorOthers · 2 December 2025French regulatory body that selected two Boralex wind projects in latest tender: Ally-Mercoeur (101.4 MW) and Ouest-Château-Thierry (23.4 MW).
• Ontario Independent Electricity System Operator (IESO)coreOthers · 1 January 2023Grid operator that selected Boralex and SNGRDC projects under Expedited Long-Term Request for Proposals for storage capacity. Includes Hagersville, Sanjgon, and Oxford BESS projects.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Innergex Renewable Energy: Canadian independent renewable power producer operating hydro, wind, and solar assets across North America. Most directly comparable to Boralex in size, geographic mix, and technology portfolio.
• Northland Power: Canadian independent power producer with renewable and thermal assets across North America, Latin America, Europe, and Asia. Comparable mid-cap IPP profile with contracted cash flows and offshore wind exposure.
• TransAlta: Canadian-based power generator with significant wind, hydro, and energy storage capacity in Canada, US, and Australia. Closely comparable in technology mix and North American focus.
• Algonquin Power & Utilities: North American renewable energy and utility operator with wind, solar, hydro, and regulated utility assets. Comparable diversified renewable IPP operating model.
• EDP Renováveis: One of the largest global wind energy operators with significant presence in Europe and North America. Comparable in technology focus and multi-geographic footprint.
• Clearway Energy: US-based renewable IPP with wind, solar, and energy storage assets contracted under long-term PPAs. Highly comparable business model and contracted cash flow profile.
• NextEra Energy Partners: Yieldco-style renewable IPP focused on wind, solar, and storage assets in North America, sponsored by NextEra Energy. Comparable contracted renewables operator with growth-oriented structure.
• Pattern Energy Group: North American renewable IPP operating utility-scale wind and solar with long-term PPAs. Comparable geographic focus and contracted revenue model.

Broad incumbents

• Brookfield Renewable Partners: Largest publicly traded pure-play renewable IPP globally, now Boralex's parent post-acquisition. Operates hydro, wind, solar, and storage at massive scale, providing a benchmark for Boralex's growth trajectory.

Emerging players

• Voltalia: European renewable IPP with wind, solar, hydro, and storage assets across multiple geographies. Comparable in size and diversified renewables approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@boralexinc
• Facebookfacebook.com/BoralexInc
• LinkedInlinkedin.com/company/boralex
• Instagraminstagram.com/boralexfr
• Xx.com/boralexinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds9 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boralex