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Brookfield, Caisse to Acquire Boralex in $6.5 Billion Deal

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By Mathieu Dion, Dinesh Nair, and Paula Sambo

March 25, 2026 at 12:30 PM UTC

Updated on

March 25, 2026 at 4:32 PM UTC

Brookfield Asset Management Ltd. and Caisse de Depot et Placement du Quebec agreed to acquire Canadian renewable energy firm Boralex Inc. for C$9 billion ($6.5 billion) including debt.

The buyers will pay C$37.25 in cash for Boralex, implying an equity value of C$3.8 billion, according to a statement Wednesday that confirmed an earlier Bloomberg News report that the company was considering a sale.