Events Date: 9

Boralex announces commissioning of 16-MW Yellow Falls hydroelectric station

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Boralex Inc. has announced the commercial commissioning of its 16-MW Yellow Falls hydroelectric station, under the terms of a price-indexed power purchase agreement with the Independent Electricity System Operator (IESO) for a period of 40 years.

The station is located on the Mattagami River about 20 km south of Smooth Rock Falls, Ontario.

โ€œItโ€™s with great pride that we are officially commissioning our very first hydroelectric station in Ontario,โ€ stated Patrick Decostre, vice president and chief operating officer of Boralex. โ€œI would like to congratulate all the teams who worked on this project, which diversifies our assets in this province and strengthens our position as a leader in the renewable energy field in Canada.โ€

For several years, Boralex has worked closely with the local communities, represented by the Mattagami First Nation and Taykwa Tagamou Nation, as well as with the town of Smooth Rock Falls, to develop a project that respects their concerns and the surrounding environment and also provides local economic spinoffs, according to a press release.

Boralex says almost 100 specialized workers were on site when construction was at its peak. The power station has one permanent employee, who ensures continuous operations and maintenance.

The station comprises two 8-MW turbine-generator units closely connected to a water intake, a concrete dam, water discharge facilities and related infrastructure on the Mattagami River.

The hydro facility is expected to contribute about C$7million (US$5.3 million) to Boralexโ€™s annualized EBITDA(A), and its power production will avoid the emission of nearly 2,540 metric tons of CO? per year.

Boralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the U.S. The companyโ€™s asset base is in four power generation types โ€”wind, hydroelectric, thermal and solar. About 15% of its business includes hydropower.

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