Innergex terminates acquisition of Wildmare wind project in BC

LONGUEUIL, QC, Oct. 1, 2012 /CNW Telbec/ - Innergex Renewable Energy Inc. 
(TSX:INE) ("Innergex" or the "Corporation") announces that it has terminated 
its agreement with Finavera Wind Energy(TSX-V:FVR)to acquire its 77MW 
Wildmare wind energy project located in British Columbia, Canada. 
Despite the efforts of both parties, several conditions of closing were not 
met by the prescribed closing date of September 30, 2012. The Corporation 
considers each of these conditions to be essential to the successful 
completion of the project. After careful consideration, the Corporation has 
decided not to extend the closing date because it strongly believes that doing 
so would not change the outcome within an acceptable period of time. 
Therefore, it has opted to terminate the purchase and sale agreement. 
About Innergex Renewable Energy Inc. 
Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent 
renewable power producer. Active since 1990, the Company develops, owns, and 
operates run-of-river hydroelectric facilities, wind farms, and solar 
photovoltaic farms and carries out its operations in Quebec, Ontario, British 
Columbia, and Idaho, USA. Its portfolio of assets currently consists of: (i) 
interests in 26 operating facilities with an aggregate net installed capacity 
of 494MW (gross 880MW), including 20 hydroelectric operating facilities, 
five wind farms, and one solar photovoltaic farm; (ii) interests in 9 projects 
under development or under construction with an aggregate net installed 
capacity of 231MW (gross 374MW), for which power purchase agreements have 
been secured; and (iii) prospective projects with an aggregate net capacity 
totaling 2,904 MW (gross 3,127MW). Innergex Renewable Energy Inc. is rated 
BBB- by S&P and BBB (low) by DBRS. 
The Corporation's strategy for building shareholder value is to develop or 
acquire high-quality facilities generating sustainable cash flows and 
providing a high return on invested capital, and to distribute a stable 
dividend. 
Marie-Josée Privyk, CFA Director - Investor Relations 450-928-2550, ext. 222 
mjprivyk@innergex.com www.innergex.com 
SOURCE: INNERGEX RENEWABLE ENERGY INC. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/01/c3018.html 
CO: INNERGEX RENEWABLE ENERGY INC.
ST: British Columbia
NI: MNA  
-0- Oct/01/2012 12:02 GMT
 
 
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