MONTREAL - Boralex Inc. ('Boralex' or the 'Company') (TSX: BLX) wishes to inform all its stakeholders of the decision of the Conseil d'Etat regarding the Moulins du Lohan project.

In its judgment issued on 15 April 2021, the Conseil d'Etat took the ultimate and final decision to validate all the necessary authorizations for the project.

Boralex welcomes the decision of the Conseil d'Etat regarding the Moulins du Lohan project. 'This is an important decision that will bring to fruition a truly exemplary project for the territory because of the environmental, energy and social benefits,' said Nicolas Wolff, Vice President and General Manager Boralex, Europe.

The Company will now focus on the completion of this project, which came to a halt in 2017. Boralex will continue to honor its commitments for constructing and operating the wind farm within the Lanouee forest, while preserving the distinct identity of this area.

About Boralex

Boralex develops, builds and operates renewable energy production sites in Canada, France, the United Kingdom and the United States. One of the leading Canadian market leaders and the leading independent producer of onshore wind in France, the Company stands out for its solid experience optimizing its asset base in four types of energy production - wind, hydroelectric, thermal and solar. Boralex ensures sustained growth thanks to its expertise and diversification acquired over the past 30 years. Boralex shares trade on the Toronto Stock Exchange under the symbol BLX.

Contact:

Tel: 819 345-0043

Email: isabelle.fontaine@boralex.com

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