Mr. Patrick Lemaire reports

ACQUISITION OF A 14 MW WIND POWER PROJECT IN FRANCE

Boralex Inc., through its subsidiary Boralex Europe SA, has acquired the Calmont 14-megawatt wind power project in the Midi-Pyrenees region in France.

"With the Calmont wind power project acquisition, Boralex is pursuing its growth in France, strengthening its energy portfolio in the wind segment," said Boralex president and chief executive officer Patrick Lemaire.

With a 15-year power sales contract with EDF France, construction work on the Calmont wind farm will begin during the first quarter of 2015 with commissioning scheduled for year-end 2015. In all, Boralex will invest approximately 25 million euros to complete this project.

Calmont is located a few kilometres from Boralex's Avignonet-Lauragais hybrid solar/wind site offering attractive operating synergy opportunities.

We seek Safe Harbor.