Boralex Inc. (TSX: BLX) announced that the Superior Court of Québec has issued a final order approving the company's plan of arrangement with BIF Thunder Holdings Inc., a newly-formed entity jointly owned by Brookfield Infrastructure Fund V and Caisse de dépôt et placement du Québec.

The court approval follows shareholder approval obtained at the company's annual and special meeting held on June 4, 2026. The arrangement was approved under section 192 of the Canada Business Corporations Act.

The completion of the arrangement remains subject to customary closing conditions, including receipt of regulatory approvals. Boralex expects the arrangement to be completed by the fourth quarter of 2026, assuming all remaining conditions are satisfied.

Boralex operates as a renewable energy producer with facilities in Canada, France, the United States and the United Kingdom. The company reported installed capacity of 3,783 MW as of December 31, 2025, and has a development portfolio of 8.2 GW in wind, solar and battery energy storage system projects.

Details regarding the arrangement are available in the company's management information circular dated May 1, 2026. The company's shares trade on the Toronto Stock Exchange under the ticker symbol BLX.