Diversify income streams
and tax revenue
While developing renewable energy projects primarily helps combat climate change, it also significantly diversifies the income of your community. A wind farm, for example, generates economic benefits and royalties that can be reinvested in local infrastructure, community services, or sustainable development initiatives. By collaborating with Boralex, local communities can promote environmental sustainability while diversifying and energizing the local economy, paving the way for a resilient and prosperous future.
Developing renewable energy to reach decarbonization goals
Clean power is quickly becoming America's dominant energy source, as renewables like wind and solar coupled with battery storage - led new power additions over the past several years. Critical to decarbonization goals, clean energy is also a leading source of U.S. job creation and investment.
Clean energy already supplies 15.5% of U.S electricty, the U.S has nearly 270 gigawatts of clean energy installed. Clean energy is becoming the U.S.'s most affordable power, as wind and solar costs have fallen 31% and 46% respectively over the last decade, making them the most affordable new electricity in the majority of the U.S. The job market has significantly improved due to the demand for wind turbine technicians and solar installers, creating 483.000 clean energy jobs.
There is high reliability on clean energy, as the U.S., now has enough installed clean energy to power more than 68 million American homes. Solar and wind output is highly predictable, giving grid operators ample time to adjust to changes in output, unlike conventional power plants that can unexpectedly and suddenly trip offline. Wind and solar are also capable of providing many of the same essential reliability services as conventional power plants, which is necessary to keep the lights on. Paired with battery storage, which serves as dispatchable back-up power for the broader grid system, much of the U.S. grid can be reliably powered by clean energy.
The benefits of developing renewable energy project for your territory
Since 2022, the clean energy industry in America has announced over $500 billion in clean energy investment and over 160 new manufacturing facilities or facility expansions. These facilities are expected to provide over 100,000 new manufacturing jobs. These announcements are quickly becoming realized. As of June 30, 2024:
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Our team is here to guide you through every step
Boralex,
a committed partner for communities towards a sustainable future
01.
Our Experience Serving Local Communities
Since our inception, we have always developed and operated our renewable energy production assets. Our projects are carried out with, for, and in respect of municipal and Indigenous communities. We pay particular attention to public consultation and information. To ensure better integration and acceptance of the project in the community, we rely on the following principles:
- Transparency regarding territorial development intentions
- Listening to various stakeholders
- Openness to ideas and requests from the community
- Availability to meet with local stakeholders
02.
A Long-term Partner
Development, operation, maintenance… Our teams approach the complete lifecycle management of a production park and work on the principle of continuous improvement to optimize each stage of a project, while listening not only to the communities but also to environmental monitoring.
03.
Creating Value with You and for You
Renewable energy parks offer communities a real opportunity for sustainable prosperity. Through job creation, additional income generation, and contributing to the energy transition of an entire territory, these projects strengthen and energize the local economic fabric while preserving the environment.
Arrive as Guests,
Live as Neighbors
At Boralex, we believe that building virtuous projects requires significant social responsibility indicators.
Our projects at the heart of our communities
