Inauguration of Phase 1 of the Seigneurie de Beaupré Wind Farms
Monday, Jul 07, 2014

CÔTE-DE-BEAUPRÉ, QC, July 3, 2014 /CNW Telbec/ - After three years of construction, Boralex Inc. ("Boralex"), Gaz Métro Limited Partnership ("Gaz Métro") and Valener Inc. ("Valener") are pleased to officially open Phase I of the Seigneurie de Beaupré Wind Farms, a 272-MW project commissioned in December 2013 and one of the biggest wind farms in Canada. In recognition of this important milestone, a ceremony was held at the foot of one of the project's tallest turbines earlier today in the presence of Caroline Simard, Member for Charlevoix-Côte-de-Beaupré, representing the Minister of Energy and Natural Resources and Minister responsible for the Northern Plan, Pierre Arcand, Sophie Brochu, President and CEO of Gaz Métro, Patrick Lemaire, President and CEO of
Boralex, and Jacques Roberge, General Superior of the Séminaire de Québec, as well as numerous elected officials, entrepreneurs representing the region and special guests.

"We are very proud to celebrate the entry into service of Phase I of the
Seigneurie de Beaupré Wind Farms, particularly in light of the project's
substantial economic spin-offs. Our 100% Quebec-based consortium has invested over $750 million to carry out this project, and over $360 million has been invested in other homegrown companies. The success of this initiative can be gauged by the logistical efforts made, but especially by the remarkable degree of cooperation shown by all project stakeholders," stated Sophie Brochu and Patrick Lemaire.

"I would like to congratulate the promoters of this project, which was developed in an environmentally responsible manner and is a significant project for the Côte-de-Beaupré region. The two wind farms alone will be able to generate enough clean energy to supply annually 50,000 households. This is green energy that will be renewable for years to come," said Caroline Simard.

With a total installed capacity of 272 MW, the 126 turbines that make up Phase I have been supplying renewable energy to Québec's power grid since they were commissioned in late 2013 and are expected to continue doing so for the next 20 years.

About the Seigneurie de Beaupré Wind Farms

The Seigneurie de Beaupré Wind Farms, with a total contracted capacity of 365 MW, currently constitute one of Canada's largest wind power projects. The first phase of 272 MW (Farms 2 & 3), commissioned in late 2013, and the second phase of 68 MW (Farm 4), set to begin operating at the end of 2014, are projects of the Boralex and Gaz Métro/Valener consortium. Furthermore, the 25 MW Côte-de-Beaupré wind farm built in partnership by Boralex and the Côte-de-Beaupré RCM is expected to start operating in 2015.

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 more than 650 MW in Canada, France and the Northeastern United States. Boralex is also committed under power development projects, both independently and with Canadian and European partners, to add approximately 250 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.com or www.sedar.com.

For more information, please visit: Boralex Inc.

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