Analysis: Boralex recently reported its first quarter earnings for 2021, and the company is certainly on a nice growth pace as it continues to add new projects to its portfolio. In the first quarter alone it added 180MW of new projects, and signed a five-year renewable power purchase agreement with IBM France. Perhaps the biggest news was the sale of its last fossil fuel facility in France, which makes Boralex fully committed to renewable power sources moving into the future. France has been one of the world leaders in renewable energy production, and was one of the first major countries to issue a target of 2050 to have zero carbon emissions. France continues to be one of Boralex’s largest regions for growth, and as other European nations embrace the shift to renewable energy for industrial and consumer markets, there is always an opportunity to further expand to other markets. On its home soil, Boralex is set to begin construction on a historic agreement with the Innu Nation where it will be building the first wind farm on indigenous Canadian territory. In the U.S Boralex acquired a majority share of a portfolio of seven solar farms, which further increased its reach into Biden’s vision of a Green America.