Boralex and Six Nations Close $202 Million Financing Deal

MONTREAL, April 02, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. ("Boralex" or the "Company") (TSX: BLX) and Six Nations of the Grand River Development Corporation ("SNGRDC") announce the closing of a $202 million financing for the Oxford Battery Energy Storage Project, located in the Township of South-West Oxford, Oxford County, Ontario, Canada.

Boralex Inc., a prominent player in renewable energy, has teamed up with the Six Nations of the Grand River Development Corporation to finalize a significant financing deal amounting to $202 million. This strategic partnership marks a pivotal development in the realm of renewable energy investments, emphasizing both the corporate and Indigenous collaboration in sustainable energy projects.

The financing agreement is indicative of a growing trend towards inclusivity in the energy sector, allowing Indigenous communities to play a crucial role in renewable initiatives. Through this partnership, Boralex aims to expand its portfolio while providing economic opportunities for the Six Nations community. Such ventures not only enhance Boralex's operational capacities but also promote environmental sustainability by leveraging indigenous knowledge and practices that prioritize ecological well-being.

The funds acquired from this financing deal are designated for advancing renewable energy projects, crucially focusing on solar and wind energy initiatives. This step aligns with global efforts to combat climate change by reducing carbon footprints and increasing the share of clean energy in the overall energy mix. Boralex’s commitment to sustainable development is reflected in its comprehensive approach to project execution, which includes stakeholder engagement and adherence to environmental standards.

This collaboration signals a transformative approach to energy development, recognizing the importance of partnerships that respect Indigenous rights and promote economic independence. It illustrates how modern energy solutions can evolve when traditional knowledge is integrated with advanced technology.

As the renewable energy landscape continues to progress, such alliances are expected to grow in number and significance. The success of this collaboration between Boralex and the Six Nations Development Corporation could serve as a model for future projects, advocating for a more inclusive approach in energy investments and promoting substantial benefits for local communities alongside environmental protections.