Brookfield, La Caisse finalize acquisition of Boralex
As announced in March 2026, global investment group Brookfield, through Brookfield Renewable Partners, and Quebec-based institutional investor La Caisse have finalized the acquisition of Quebec renewable energy producer Boralex.
Boralex shareholders approved the transaction at an annual and special meeting on June 4, 2026.
La Caisse, currently Boralex’s largest shareholder with approximately 15% of its outstanding common shares, will increase its stake to 30% following the transaction. Brookfield, which already owns renewable energy producer Neoen, will hold the remaining 70%. The transaction values Boralex at $37.25 per share.
La Caisse previously acquired Quebec renewable energy producer Innergex following a process launched in 2024 after a private investment firm expressed interest in the company.
Boralex operates approximately 3.8 GW of wind, solar, hydroelectric and battery storage capacity. More than 90% of its capacity is secured under contracts with an average term of 10 years, across Canada, France, the United States and the United Kingdom. The company also has approximately 300 MW of capacity under construction or ready for construction, along with 750 MW of secured projects.
Boralex will retain its headquarters in Quebec and continue to operate independently following completion of the transaction. However, the company will be delisted from the Toronto Stock Exchange.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Please login to comment