08:41 AM EDT, 08/08/2025 (MT Newswires) -- Boralex ( BRLXF ) on Friday said it swung to a loss in the second quarter despite higher power generation and said its chief financial officer is leaving the company.

The renewable-power producer said its loss attributable to shareholders was $10 million, or $0.10 per share, compared with a year-prior profit of $11 million, or $0.10 per share.

Revenue rose to $185 million from $180 million as power production rose 14% to 1,505 gigawatt hours.

The company said it benefited from favorable weather conditions in Canada, but wind conditions in Europe and the United States were weaker than expected, while power prices in France also fell. Still, Boralex ( BRLXF ) said it continues to add new wind-power projects in North America.

"During the quarter, we strengthened our project pipeline by adding new development-stage projects and we made steady progress on our projects under construction. Our Apuiat project, in particular, continues its trajectory and is expected to be commissioned in September. We are very proud to have been awarded two contracts in New York State, for the Fort Covington and Two Rivers solar projects, for a total capacity of 450 MW.," chief executive Patrick Decostre said in a release.

The company also announced management and board changes. Chief financial officer Bruno Guilmette is leaving the company to pursue another opportunity on Sept. 12 and will be replaced in the role by Stephane Milot, currently vice-president investor relations and financial planning and analysis. As well, Andre Courville will become board chair on Sept.30, replacing Alain Rheaume, who is retiring following eight years as the chair.

Boralex ( BRLXF ) shares closed down $0.12 to $30.61 Thursday on the Toronto Stock Exchange.