EL7.AI
Mergers & AcquisitionsMedium•29 October 2026•
2 min read

Boralex Acquires Wind2, Adding Advanced UK Wind Pipeline of Nearly 350 MW

Key Facts

1Wind2 developed an advanced wind project portfolio with capacity of nearly 350 MW.
2Wind2’s portfolio spans Scotland, England and Wales.
3The two UK wind projects acquired by Boralex in March 2026 had combined capacity of more than 58 MW.
4Brookfield and La Caisse completed their acquisition of Boralex on August 14, 2026, for C$37.25 per share in cash.

Boralex announced its acquisition of Wind2, a UK renewable energy platform, in a deal that adds advanced wind projects with total capacity of nearly 350 MW to its portfolio. The company said in its statement that it had acquired Wind2, which it described as a platform that had developed “well-advanced” wind projects. The portfolio spans Scotland, England and Wales, according to the statement published on October 29, 2026. The announced capacity reflects the scale of the projects developed by the platform; the statement does not describe it as existing operational capacity. The available summary did not include details on the deal’s value or terms.

The deal follows an earlier expansion by Boralex in the UK wind market: in March 2026, the company announced the purchase of two other onshore projects with combined capacity of more than 58 MW. The projects are Upper Ogmore in South Wales and Tom na Clach Extension in the Scottish Highlands, according to the company’s statement. Boralex said the projects were expected to enter service near the end of the decade. The new deal adds to the company’s project development pipeline, with a clear distinction between Wind2’s advanced portfolio and the two projects the company had previously announced it would acquire. The available statement does not compare the stages of Wind2’s projects with those of the earlier projects.

On the two earlier projects, Boralex said Upper Ogmore comprises 7 turbines and has capacity of about 25 MW. It received Welsh government approval in 2022. Grid connection was planned for 2029, according to the company’s statement. Tom na Clach Extension has capacity of 34 MW, and Boralex acquired a 75% majority stake in it. The company described it as ready for construction and said it received approval in May 2024. The project targeted commercial operations near 2030, subject to completion of the final development stages.

Boralex’s ownership changed before the Wind2 deal was announced: the company said it completed its acquisition by Brookfield and La Caisse on August 14, 2026. The cash consideration was C$37.25 per Class A share, according to Boralex’s statement. The company said it would continue operating independently after the deal closed. This development places the Wind2 acquisition after Boralex’s transition to private ownership, without the statement linking the two transactions or specifying how the new acquisition will be financed. The available statement did not announce a start-of-operations date for Wind2’s projects.