Mr. Jean-Christophe Dall'Ava reports

UNITED KINGDOM: BORALEX WELCOMES MINISTERIAL APPROVAL OF 189 MW CLASHINDARROCH WIND FARM EXTENSION

Boralex Inc. has welcomed Scottish Ministers' approval of its plans for Clashindarroch wind farm extension near Dufftown in Moray.

The approved project, located west of the operational Clashindarroch wind farm, will consist of up to 21 wind turbines and a 50-megawatt battery storage facility, contributing up to 189 MW to Scotland's renewable energy targets.

Esbjorn Wilmar, vice-president, United Kingdom, commented: "Our company is strongly committed to long-term investment in Scotland as part of our 2030 strategy, underpinned by a shared desire for an energy transition that prioritizes local economic prosperity. This can be seen in the first project in our Scottish portfolio, Limekiln wind farm near Thurso, which represents 29.5 million pounds sterling of construction expenditure in the Scottish economy, of which 8.4 million pounds sterling was spent locally in Caithness."

Jean-Christophe Dall'Ava, executive vice-president and general manager, Europe, added: "I am very proud of the work of our teams, whose close collaboration made this major milestone possible. Securing approval for the Clashindarroch wind farm extension brings us even closer to the leadership position we are aiming for in the United Kingdom, and once again demonstrates Boralex's ability to deliver high-quality projects that meet the significant energy needs of our markets."

Socioeconomic benefits for local communities

The project will deliver a wide range of community and economic benefits, including an up-to-693,000-pound-sterling-per-year community fund (index-linked over the life of the project, expected to be 40 years), created with the specific needs of the local community in mind. It is the intention that part of this money will be allocated to the following initiatives:

• Direct energy bill support of pounds sterling1,849 annually and a one-off lump sum of up to 20,000 pounds sterling for home energy efficiency improvements for households within five kilometres of the turbines;
• A 45,000-pound-sterling-per-year Scholarship Fund, offering 15 scholarships in science, technology, engineering and mathematics (STEM) and construction skills for students from Moray.

The remainder of the Community Benefit Fund is to provide funding for local projects and initiatives, to be discussed with the local community. An up-to-138,000-pound-sterling-per-year Socio-Economic Fund will also be provided, administered by Moray Council, "for supply chain development, business support and community wealth building" (source: Moray Council).

This package reflects Boralex's belief that renewable energy projects should deliver more than electricity alone -- they should empower communities, create opportunities and leave a positive legacy for generations to come.

"We believe this package of benefits will make a tangible and positive difference to the community and we wish to be constructive and long-standing partners on the road to net zero," said Mr. Wilmar. "Boralex looks forward to working closely with the local community, stakeholders and government partners to deliver this project and contribute meaningfully to Scotland's renewable energy future."

Clashindarroch wind farm extension has been designed carefully following extensive environmental and landscape studies. These have mitigated the environmental effects of what has now been consented as an acceptable and responsible development. The site, covering approximately 882 hectares of upland heather moor, will continue to be managed with sensitivity to its natural surroundings and significant biodiversity enhancement will be created.

About Boralex Inc.

At Boralex, the company has been providing affordable renewable energy accessible to everyone for over 35 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, the company also has facilities in the United States and development projects in the United Kingdom. Over the past five years, the company's installed capacity has increased by more than 50 per cent, reaching 3,303 MW as at Sept. 30, 2025. Since then, the corporation has commissioned a new wind farm with a capacity of 100 MW, bringing total installed capacity to 3,403 MW as of today. Boralex is developing a portfolio of projects in development and construction of eight GW in wind, solar and storage projects, guided by the company's values and its corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to the company's fearlessness, its discipline, its expertise and its diversity, Boralex continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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