Boralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023

Highlightsfeed-in premium$113 million ($132 million) or 29% (31%) from the same period in 2022.$62 million ($62 million) or $0.60 ($0.60) per share (basic and diluted), compared to $60 million ($60 million) or $0.59 ($0.59) per share (basic and diluted) for the same period in 2022.Performance(i) distributions paid to non-controlling shareholders, (ii) additions to property, plant and equipment (maintenance of operations), (iii) repayments on non-current debt (projects) and repayments to tax equity investors; (iv) principal payments related to lease liabilities; (v) adjustments for non- operational items; plus (vi) development costs (from the statement of earnings).The following tables reconcile Consolidated financial data with data presented on a Combined basis:
   (unaudited)2023202220232022Certain statements contained in this release, including those related to results and performance for future periods, installed capacity targets, EBITDA(A) and discretionary cash flows, the Corporation’s strategic plan, business model and growth strategy, organic growth and growth through mergers and acquisitions, obtaining an investment grade credit rating, payment of a quarterly dividend, the Corporation’s financial targets, the partnership with Énergir and Hydro-Québec for the elaboration of three 400 MW projects for which the development will depend on Hydro-Québec’s changing needs, the portfolio of renewable energy projects, the Corporation’s Growth Path and its Corporate Social Responsibility (CSR) objectives are forward-looking statements based on current forecasts, as defined by securities legislation. Positive or negative verbs such as “will,” “would,” “forecast,” “anticipate,” “expect,” “plan,” “project,” “continue,” “intend,” “assess,” “estimate” or “believe,” or expressions such as “toward,” “about,” “approximately,” “to be of the opinion,” “potential” or similar words or the negative thereof or other comparable terminology, are used to identify such statements.
(GlobeNewsWire)