Why is this renewable energy stock a good addition to your portfolio : Boralex Inc. (TSX:BLX)?
Boralex Inc. (TSX:BLX) is an energy producing company founded in 1990 in the province of Quebec, Canada that develops, builds, and operates renewable energy facilities in Canada, France, the United Kingdom, and the United States.
Boralex has headquarters in Kingsey Falls, Quebec, Canada and is a major player in renewable energy specializing in four sectors of activity: wind, solar, hydroelectricity, and storage. Since, its inception it has won numerous awards.
Their installed capacity has more than doubled over the past five years and now stands at 3 GW. Company is developing a portfolio of close to 4 GW in wind and solar projects and close to 800 MW in storage projects, guided by their values and their approach to corporate social responsibility (CSR).