Boralex Inc. has made major progress in finalizing its deal with Brookfield and its partners, including Brookfield Renewable Partners and La Caisse. On August 6, 2026, the company announced that it secured all required regulatory approvals for the transaction under the Canada Business Corporations Act. This achievement marks a key step toward closing the arrangement.
The proposed transaction needed Boralex shareholders to approve it, which they did during an annual and special meeting on June 4, 2026. The next critical step came the following day, when the Superior Court of Québec (Commercial Division) issued a final order approving the arrangement. This legal endorsement was necessary to confirm the deal’s legitimacy.
Deal Details and Shareholder Approval
All the details of the arrangement appear in the company’s management information circular, released on May 1, 2026. This document, available through Boralex’s SEDAR+ profile at www.sedarplus.ca, provided shareholders with a complete picture of the arrangement’s terms and conditions.
Boralex expects the arrangement to close by August 14, 2026, assuming all remaining conditions are met. Although the company now has the essential approvals, several procedural and contractual items must still be addressed before the deal becomes final. These include administrative steps and verification of specific terms.
The company cautions that all forward-looking statements should be viewed with care, as the actual timing and success of the deal depend on various factors. For instance, the projected closing date relies on fulfilling certain legal and regulatory requirements, which could be affected by unpredictable external conditions.
For over 35 years, Boralex has focused on delivering cost-effective and accessible renewable energy. It is a market leader in Canada and France’s biggest independent onshore wind producer. Its operations have expanded to the United States and the United Kingdom, growing its global footprint.
Company Background and Growth
As of March 31, 2026, Boralex had an installed capacity of 3,783 MW, reflecting more than 50% growth in power generation over the past five years. The company is also working on a variety of projects totaling over 8.3 GW in wind, solar, and battery energy storage technologies, highlighting its sustainability-driven long-term strategy.
Boralex remains focused on environmental responsibility and corporate social responsibility. It actively engages in efforts to combat climate change and emphasizes core values in its operations. For more information, visit boralex.com or check the company’s filings on SEDAR+.
Investors and others can find the latest updates on the company’s website or through SEDAR+ filings. They can also follow Boralex on social media platforms like Facebook and LinkedIn for news.
Forward-Looking Statements
Forward-Looking Statements and Risks
This news release contains forward-looking statements as defined by Canadian securities regulations. These statements reflect the company’s current expectations and outlook for its operations and financial performance. The nature of forward-looking statements involves assumptions about future events, conditions, or outcomes that are inherently uncertain and subject to change.
Terms like “expect,” “anticipate,” “believe,” “could,” “estimate,” “goal,” “intend,” “plan,” “seek,” “strive,” “will,” “may,” and “should” often identify these statements. Specifically, comments about the transaction’s closing timeline and the satisfaction of conditions are forward-looking.
These statements are based on the company’s current understanding and expectations, informed by available information. However, they are subject to many risks and uncertainties, some of which are outside the company’s control. Actual results might differ significantly from what is described in these statements.
Key risks related to the arrangement include the possibility that the deal may not be completed as anticipated—either in terms of conditions, timing, or at all. This could happen if approvals or conditions are not met on time or for other unforeseen reasons. Failure to complete the arrangement might hurt the company’s security price or business.
Boralex also warns about the risk of not achieving the expected benefits from the arrangement, as well as possible disruptions from pending transaction requirements. The company’s operations could face uncertainty due to the arrangement itself, industry conditions, or other factors. Employee retention and changes in regulations might also pose risks.
The company also notes that legal action could be taken against Brookfield or Boralex, and unexpected transaction costs or unknown liabilities may arise. Moreover, management’s focus could shift from ongoing operations due to the arrangement’s demands.
Readers should be aware of the outlined risks and uncertainties before relying on these statements for investment decisions. These statements do not guarantee actual future performance by the company or its affiliates.
For updated information and detailed disclosures, interested individuals are encouraged to review Boralex’s filings on SEDAR+ and visit the company’s official website. These resources offer in-depth information about its operations, strategies, and the risks involved with the arrangement.