Boralex Inc. : Boralex completes the refinancing of its U.S. debt

PRESS RELEASE Boralex completes the refinancing of its U.S. debt

Montréal (Québec), September 3rd, 2013 - Boralex Inc. (" Boralex " or the " Corporation ")(TSX:BLX) completes, as announced on June 27, 2013, the long-term refinancing of its U.S. debt for an amount of US$90 million secured by two of its U.S. power stations.

The Corporation indicates that this non-recourse financing bears interest at an annual rate of 3.51% and will be amortized by semi-annual payments over a 12-year period.

About Boralex

Boralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the Corporation operates an asset base
with an installed capacity of almost 500 MW in Canada, the Northeastern United States and
France. Boralex is also committed under power development projects, both independently and with Canadian and European partners, to add approximately 550 MW of power that will be put in service by the end of 2015. With more than 200 employees, Boralex is known for its diversified expertise and in-depth experience in four power generation types - wind, hydroelectric, thermal and solar. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at www.boralex.comor www.sedar.com .

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For more information:

Media Investors

Patricia Lemaire

Director, Public Affairs and Communications

Boralex Inc.

514-985-1353 [e-mail]

Marc Jasmin

Director, Investor Relations

Boralex Inc.

514-284-9868 [e-mail]