Three Boralex Onshore Wind Projects Selected During the Latest Call for Tenders in France

Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) is announcing that three projects totaling 68.2 MW that it submitted during the third period of the national call for tenders conducted by the Ministry for the Ecological and Inclusive Transition of France have been selected: Bois des Fontaines (25.2 MW), Helfaut (20 MW) and the Caumont Chériennes (23 MW) wind projects. In doing so, Boralex is among the top three winners of this call for tenders. The Corporation had submitted 118 MW of projects, achieving a success rate of nearly 60% for this tender.

"Wind energy as an economically and technically viable solution in the French energy transition is unquestionable and this third tender period is further proof of this. We believe that France is-and will remain-a major market for the development of our renewable energy projects, which are structuring and promising for the country's economy," said Nicolas Wolff, Vice-President and General Manager of Boralex Europe.

These projects are currently at different stages of the authorization process and will enable Boralex to receive a feed-in premium agreement over a period of 20 years from the date of commissioning, once their administrative authorizations have been received and cleared of any claims.

Boralex has a portfolio of more than 1,000 MW of wind and solar projects in France at various stages of development. It currently has 951 MW of wind, solar and thermal sites in France and 1,987 MW worldwide.

Boralex | www.boralex.com