Brookfield and La Caisse have entered into an agreement to acquire all outstanding shares of Boralex. Boralex operates a diversified renewable energy portfolio of about 3,800 MW across wind, solar, hydro and battery storage, with assets located in Canada, the USA, France and the United Kingdom.
The company also has around 300 MW under construction or ready to build, 750 MW of secured projects, and a broader development pipeline exceeding 7,000 MW.
The transaction values Boralex’s equity at approximately $3.8 billion and implies a total enterprise value of around $9.0 billion.
Following completion, Boralex is expected to continue operating as an independent business. La Caisse is expected to increase its ownership to 30%, with Brookfield holding the remaining 70%.
The transaction remains subject to shareholder, regulatory and court approvals and is expected to close in the fourth quarter of 2026.
