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Highlights BORALEX PRESS RELEASE For immediate release Boralex adds 743 MW to its project pipeline and increases its EBITDA ( A ) by 23 % in Q2-2021 • Increases in EBITDA ( A ) and discretionary cash flow ° о EBITDA ( A ) of $ 106 million ( $ 117 million ) ( ¹ ) in Q2-2021 , up 23 % ( 10 % ) from $ 86 million ( $ 107 million ) in Q2-2020 . Discretionary cash flow of $ 149 million for the last 12 months , $ 7 million more than for the prior period . • Total production greater than Q2-2020 production and slightly below anticipated production ( 2 ) • • о Q2-2021 vs Q2-2020 : total production up 41 % ( 22 % ) , wind up 33 % ( 12 % ) and hydroelectric down 13 % . 。 Q2-2021 vs anticipated production : total production 5 % ( 4 % ) below , wind 2 % ( 1 % ) below , hydroelectric 24 % below and solar 4 % above . Contribution of recent acquisitions and commissioning of projects in line with expectations • An additional $ 32 million ( $ 24 million ) in EBITDA ( A ) attributable to the acquired CDPQ equity interests in three wind farms in Quebec , the acquired interests in seven solar farms in the United States and commissioning of projects . Addition of 743 MW in new projects and good progress on development projects 553 MW in wind and solar projects and 190 MW in energy storage projects added to the " Early - stage ” phase of the project pipeline . • Four projects totalling 41 MW advanced to the " Secured " stage of the Growth Path . ⚫ The Bois des Fontaines ( 25 MW ) , Moulins du Lohan ( 65 MW ) and Bougainville repowering ( 6 MW ) wind projects in France now at the " Ready - to - build " stage of the Growth Path . • Launch of the 2025 Strategic Plan with new corporate objectives on June 17 , 2021 Montreal , August 6 , 2021 - During the quarter ending June 30 , 2021 , Boralex Inc. ( " Boralex " or the " Company " ) ( TSX : BLX ) continued to add new projects to its project pipeline and to advance its existing projects to the " secured ” and “ ready - to - build " stages of its Growth Path . The Company also posted an increase in EBITDA ( A ) , primarily linked to the contribution of acquisitions and projects commissioning . " The second quarter was marked by the addition of 743 MW to our project pipeline , notably in the solar and energy storage markets in the United States , identified in our new 2025 Strategic Plan as key markets . The contribution of our two most recent acquisitions in wind in Quebec and solar in the US as well as commissioning of projects was in line with our expectations and enabled us to continue growing our EBITDA ( A ) despite the unfavourable hydraulic conditions arising from the low level of precipitation in recent months , " said Patrick Decostre , President and Chief Executive Officer of Boralex . Last June , Boralex updated its strategic plan to take advantage of opportunities arising from the accelerated energy transition and major changes in renewable energy development policies , particularly in Québec , the United States and a number of European countries . ( 1 ) The figures in brackets indicate " combined " results rather than those calculated according to IFRS . See the " Combined EBITDA ( A ) - Non - IFRS Measures " section below . ( 2 ) Calculated based on adjusted historical averages of commissioning and planned outages for experimental and other sites , based on producible material studies performed . 1