Boralex Receives all Regulatory Approvals for Arrangement with Brookfield and La Caisse

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MONTRÉAL, Aug. 06, 2026 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Corporation“) (TSX: BLX) announced today that it has received all regulatory approvals required in connection with the closing of the previously-announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement“) involving the Corporation and Brookfield, together with its institutional partners including Brookfield Renewable Partners, and La Caisse (formerly CDPQ). The Corporation expects that, subject to the satisfaction at closing of the remaining closing conditions, the Arrangement will be completed on or about August 14, 2026.

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The Arrangement was approved by Boralex shareholders at an annual and special meeting of shareholders held on June 4, 2026, and the Corporation obtained a final order from the Superior Court of Québec (Commercial Division) approving the Arrangement on June 5, 2026.

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Further details regarding the Arrangement are provided in the management information circular of the Corporation dated May 1, 2026, a copy of which is available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.

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About Boralex

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At Boralex, we have been providing affordable renewable energy accessible to everyone for over 35 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50%, reaching 3,783 MW as at March 31, 2026. We are developing a portfolio of projects in development and construction of 8.3 GW in wind, solar and BESS projects, guided by our values and our corporate social responsibility (CSR) approach. Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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Forward-Looking Statements

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This press release contains “forward-looking information” within the meaning of relevant securities legislation, including applicable securities laws in Canada, which reflect current views with respect to, among other things, operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature and depend upon or refer to future results, events or conditions. The estimates, beliefs and assumptions of Boralex are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions.

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In particular, statements regarding the Arrangement, including the expected timing of completion of the Arrangement and the satisfaction at closing of the remaining closing conditions, are forward-looking statements. Forward-looking statements and information are based on Boralex’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it.