Boralex Acquired by Brookfield and CDPQ for Growth

MONTRÉAL, March 25, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. (TSX: BLX), Brookfield and La Caisse announced today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement"), whereby Brookfield and La Caisse (together, the “Purchaser”) will acquire all of Boralex Inc.’s (“Boralex” or the “Corporation”) issued and outstanding Class A common shares of Boralex (the "Common Shares") for a price (the "Consideration") of $37.25 in cash per Common Share (the "Transaction").

Boralex, a prominent player in the renewable energy sector, has recently announced that it has entered into a definitive agreement with Brookfield Asset Management and Caisse de dépôt et placement du Québec (CDPQ) for its acquisition. This strategic move marks a significant shift for Boralex as it prepares to grow as a standalone private company.

The agreement signifies Brookfield's and CDPQ's confidence in Boralex’s potential and its future in the renewable energy landscape. By partnering with these two esteemed financial institutions, Boralex anticipates having the necessary resources and support to enhance its operational capabilities and capitalize on growth opportunities in the green energy market.

Boralex has established itself as a leader in the production of renewable energy, focusing primarily on wind, hydroelectric, and solar power. The company has been expanding its footprint, developing new projects, and enhancing existing assets to meet the growing global demand for sustainable energy.

This acquisition comes at a time when the renewable energy sector is facing both challenges and opportunities due to changing regulations, economic factors, and technological advancements. With Brookfield and CDPQ on board, Boralex seems well-positioned to navigate these dynamics effectively.

The transition to a private company is also seen as a way for Boralex to streamline its operations and focus on long-term strategies unburdened by public market pressures. This could lead to more strategic investments and initiatives aimed at bolstering its competitive edge.

As a private entity, Boralex will likely pursue aggressive growth strategies, potentially exploring partnerships, joint ventures, and new projects that align with their renewable energy goals. The company aims to leverage its strong existing portfolio while exploring innovative solutions to meet the energy needs of the future.

Both Brookfield and CDPQ have extensive experience in asset management and a strong track record in supporting sustainable investments. Their backing could facilitate Boralex’s access to capital and strategic advice, further empowering the company to realize its ambitious growth objectives in the renewable energy sector.

In conclusion, this acquisition not only marks a new chapter for Boralex but also emphasizes the growing importance and resilience of the renewable energy market. With the right support and direction, Boralex is expected to emerge stronger and more competitive in the evolving energy landscape while contributing to a greener future.