Mr. Nicolas Wolff reports

A NEW COMMISSIONING FOR BORALEX IN FRANCE

Boralex Inc. has commissioned the 12-megawatt Preveranges wind farm in the Cher department of France. The commissioning of this wind farm brings Boralex's installed capacity in France to 1,210 megawatts and its total capacity worldwide to 3,029 megawatts.

The wind farm, located in the communes of Saint-Saturnin and Preveranges, consists of four Nordex N117 wind turbines, each with a capacity of three megawatts. The wind farm will produce 22.5 gigawatt-hours of green energy annually, enough to cover the annual electricity needs of approximately 11,000 French residents. The wind farm will be maintained by Boralex teams based in Cournon d'Auvergne (63), less than two hours away from the site.

This is Boralex's sixth wind farm in operation in the Centre-Val-de-Loire region, where the company's production now covers the annual consumption of more than 110,000 people in the region. In France as a whole, more than one million people now benefit from Boralex's green electricity production.

"Electricity needs are rising steeply as we move away from fossil fuels. Competitive, mature and rapidly deployable, wind and solar are the only energy sources capable of supporting this societal and energy transition through to 2030. Built in 10 months, the Preveranges wind farm is already making a concrete contribution to France's low-carbon strategy. It is the second Boralex wind farm to be commissioned in 2023," said Nicolas Wolff, executive vice-president and general manager, Europe, at Boralex.

With this commissioning, Boralex continues its efforts to achieve its strategic plan 2025, with the objective of reaching 4.4 gigawatts of installed capacity worldwide.

About Boralex Inc.

At Boralex, it has been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, it also has facilities in the United States and development projects in the United Kingdom. Over the past five years, its installed capacity has more than doubled to over three gigawatts. It is developing a portfolio of over six gigawatts in wind and solar projects and storage projects, guided by its values and its corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. As a result of its fearlessness, its discipline, its expertise and its diversity, it continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.