BoralexI wonder if ENB would consider buying a stake in BLX.T. Why try to build expertise in green energy when they could just acquire a Canadian company that already has it, along with good connections to indigenous nations?
>>>Boralex Inc. is considering the sale of a minority stake in its French business to help raise money for expansion elsewhere in Europe and in the U.S., according to people familiar with the matter. Boralex, which has a market capitalization of $4 billion, specializes in wind, solar, hydroelectric and thermal power production. It is France’s largest owner-operator of onshore wind turbines, according to its annual report, and the country accounted for about 50 per cent of group earnings before interest, taxes, depreciation and amortization in the final quarter of 2020....At an investor day in June, Boralex set out new objectives for 2025 that included making the U.S. its prime market for development and diversifying its presence across the country and also in Europe. A spokeswoman for Boralex said the firm estimates it will invest $5 billion to $6 billion for its 2025 strategic plan and that forming partnerships could be one way of raising some of these funds. “We are carefully considering all possible options to achieve our ambitions,” she said.
https://financialpost.com/commodities/energy/canadas-boralex-weighs-sale-of-stake-in-french-unit
>>>In February 2021, Boralex announced an historic partnership with the Innu Nation to establish a large-scale wind farm on territory of the Uashat mak Mani-utenam First Nation and public lands in the City of Port-Cartier, in the province of Quebec. The project, called Apuiat—meaning a paddle in Innu Aimun, a symbol of moving forward together—is expected to begin construction in the summer of 2022. The Innu communities and Boralex will equally share profits from the sale of electricity generated by the wind farm, and both host communities will receive annual royalties.[11]
https://en.wikipedia.org/wiki/Boralex