Boralex
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Boralex's expansion strategy focuses on diversification both geographically and through its means of production, targeted primarily on green and renewable energy.
At the international level, small hydroelectric power stations and thermal power stations are a means of choice for generating energy in compliance with economic, social and environmental requirements.

Expanding in mutual respect and in the respect of our environment
In addition to their operational flexibility, adaptability and relatively short installation time, these power stations are a
clean source of energy. They have minimal environmental impact associated with large-scale hydroelectric developments, which often require the diversion of waterways, relocation of infrastructures and installation of long-distance energy-transmission lines.

Since its acquisition by Cascades in December 1995, Boralex has become one of the largest private producers of electricity in Canada.

Outlook
In the coming years, Boralex intends to develop within specific niches, in line with its major
forces and its business plan. Boralex is committed to maintaining a profitable growth in deregulated markets or in the process of becoming so, such as those of Ontario, the United States and France.

With a view to continue producing
green energy, Boralex's goal is to increase the number of its hydroelectric and thermal power stations in northeastern North America.

The diversification of its various types of energy production is a means to favour
increased profitability and sustainable incomes for the Corporation. Boralex will also seek to consolidate its leadership in the cogeneration sector by establishing power plants in industrial areas.