Boralex Clears Final Court Hurdle for Brookfield, Caisse Deal
Event summary
- Boralex received final court approval for its $X billion (estimated) sale to Brookfield and Caisse de dépôt.
- Shareholder approval secured June 4, 2026; deal expected to close Q4 2026 pending regulatory clearances.
- Boralex's installed capacity stands at 3,783 MW (2025), with 8.2 GW in development.
- Brookfield and Caisse's joint entity, BIF Thunder Holdings, will acquire Boralex.
The big picture
The deal marks another major consolidation in renewable energy, with private equity and sovereign wealth funds expanding control over North American wind and solar assets. Boralex's 3,783 MW capacity and 8.2 GW pipeline represent a significant addition to Brookfield's infrastructure portfolio, reflecting continued institutional appetite for scalable clean energy assets.
What we're watching
- Regulatory Timing
- Whether remaining approvals will delay the Q4 2026 closing.
- Portfolio Integration
- How Brookfield and Caisse will manage Boralex's 8.2 GW development pipeline.
- Renewable Demand
- The pace at which onshore wind and solar projects gain regulatory favor.
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