Global investment firm Brookfield Asset Management and investment group La Caisse have completed the acquisition of Canadian independent power producer (IPP) Boralex.

The acquisition was first announced in March 2026, and in June of this year, Boralex’s shareholders approved it.

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Under the agreement, both Brookfield and La Caisse will acquire all of the issued and outstanding Class A common shares of Boralex for CA$37.25 (US$26.88) per share in cash. Following that, the Canadian IPP is expected to be delisted from the Toronto Stock Exchange on or about 17 August 2026.

Overall, Boralex has an installed renewable energy portfolio of 3.8GW across Canada, the US, the UK and France. Its development pipeline reached nearly 8.2GW across solar PV, wind and battery energy storage systems (BESS). The IPP recently secured more than US$1.6 billion in financing for its renewables development pipeline in France.

Brookfield, Mitsubishi HC Capital given EC greenlight for European renewables JV

In related Brookfield news, the global investment firm has received the go-ahead from the European Commission (EC) for its European renewables joint venture (JV) with financial services company Mitsubishi HC Capital Group.

Launched in June of this year, the new JV – dubbed MHBF Renewable Holdings – aims to own and operate renewable energy assets across France, Spain, Finland, Sweden, Ireland and the UK. The initial portfolio would comprise 570MW of installed renewable energy capacity across the six European countries and an equity value of nearly €400 million (US$464 million).

The official launch of the JV is expected to be during the second half of 2026.

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