2 Boralex Projects Totalling 365 MW Selected in Hydro-Québec Wind Power Call for Tenders

MONTREAL, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that two wind power projects, totalling 365 MW, have been selected in Hydro-Québec's call for tenders issued on March 31, 2023. This represents a 100% success rate for Boralex in this call for tenders, as both projects submitted by the Company were selected.

"With these results, Boralex has once again demonstrated its ability, built on more than 30 years of experience and our disciplined approach, to develop sustainable, profitable projects that create value for all our stakeholders. Today's announcement is perfectly in line with our ambitious growth objectives for 2025, at a time when renewable energy production must be massively increased in Québec and across all our business markets in order to achieve the global energy transition," said Patrick Decostre, President and CEO of Boralex.

"I am extremely proud of the Boralex teams who have worked closely with our local partners, including in the region of our head office in Kingsey Falls, to submit high quality projects to Hydro-Québec. These projects will contribute directly to meeting Québec’s significant energy needs, and their selection reaffirms the essential role of independent power producers in achieving the decarbonization targets," said Hugues Girardin, Executive Vice President and General Manager, North America, at Boralex.

These projects are in addition to the 200 MW Apuiat wind project, scheduled to go into service at the end of this year, and the three 400 MW Des Neiges projects developed on the Seigneurie de Beaupré site in partnership with Hydro-Québec and Énergir.

Projects Highlights

Arthabaska Wind Power Project

• Total installed capacity: 265 MW
• Number of wind turbines: between 37 and 44
• Scheduled commissioning: 2029
• Located in the Centre-du-Québec region, in the Arthabaska MRC, on private lands in the municipalities of Saint-Albert, Sainte-Élizabeth-de-Warwick, Sainte-Séraphine and the cities of Victoriaville and Warwick
• Partnership: 50% MRC d'Arthabaska / 50% Boralex
  

Monnoir Wind Power Project

• Total installed capacity: 100 MW
• Number of turbines: between 15 and 20
• Scheduled commissioning: 2027
• Located in the Montérégie region, in the Rouville and Haut-Richelieu MRCs, on private lands in the municipalities of Sainte-Angèle-de-Monnoir, Sainte-Brigide-d'Iberville and the city of Saint-Césaire
• Partner: 50% Coopérative régionale d'électricité de Saint-Jean-Baptiste de Rouville / 50% Boralex