09:09 AM EDT, 06/17/2025 (MT Newswires) -- Boralex ( BRLXF ) said Tuesday it plans to achieve compound annual operating income growth of 12%-14% by 2030, as the company outlined its strategic plan and financial objectives.

As part of the plan, the company also aims to achieve consolidated EBITDA of 7%-9% and combined EBITDA of 8%-10%. It flagged CAGR of cash flows related to operating activities per share and of discretionary cash flows per share between 8% to 10%.

On its main business indicators, Boralex ( BRLXF ) plans total investments of $6.8 billion, plus $1.2 billion for projects scheduled to be commissioned after 2030. It sees minimum levered internal rate of return (IRR) on investments threshold between 10% and 12% adjusted for specific risks by region and technology as well as changes in cost of capital. It also sees payout ratio of 20% to 40% in discretionary cash flows.

Among 2030 strategy highlights, Boralex ( BRLXF ) cited an increase in the weighted average remaining contract duration from 11 years in 2024 to 14 years by 2030, and doubling the company's installed capacity every five years within an environment aimed at a net-zero trajectory by 2050.

"In a context where climate risk remains one of the main business risks globally, our strategy aims to combine sustainable growth with performance through the production of renewable and affordable energy," said Patrick Decostre, president and CEO of Boralex ( BRLXF ).

"By executing this plan, we are unlocking the full potential of our business model, which will allow us to seize the most promising opportunities in the four markets where we are already active and where demand for renewable energy is growing rapidly," Decostre added.

Boralex's ( BRLXF ) share price gained 1.7% on Monday to $32.73 on the TSX.