La Caisse acquires a 17.3% interest in Boralex Inc.

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Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) announced today that Caisse de dépôt et placement du Québec (“la Caisse”) has acquired all of the Class A common shares of Boralex held by Cascades Inc. representing 17.3% of the outstanding shares for the amount of $287.5 million. As part of the transaction, the Company and la Caisse have agreed to explore partnership opportunities with respect to investing in future projects developed by Boralex that are in line with its growth strategy. false false false The transaction completed today strengthens la Caisse’s position as one of the largest private investors in North America’s wind power sector. La Caisse will appoint two independent directors to Boralex’s Board of Directors and will have pre-emptive rights with respect to future issuances of shares, subject to customary exceptions. false false false About Boralex Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States. A leader in the Canadian market and France's largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB.A, respectively. More information is available at www.boralex.com or www.sedar.com. About Caisse de dépôt et placement du Québec Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2016, it held $270.7 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages