LONGUEUIL, QC, June 27, 2014 /CNW Telbec/ - Innergex Renewable Energy Inc.
(TSX: INE) announces that the transaction to acquire the Sainte-Marguerite-1
("SM-1") hydroelectric facility has been released from escrow.
On June 20, 2014, Innergex and the Desjardins Group Pension Plan announced
they had completed the acquisition from the Hydroméga Group of Companies of
the 30.5 MW SM-1 run-of-river hydroelectric facility located in Quebec, Canada
(see the press release dated June 20, 2014). The transaction had closed in
escrow pending customary confirmatory release conditions, which have now been
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 and
British Columbia and in Idaho, USA. Its portfolio of assets currently consists
of: (i) interests in 33 operating facilities with an aggregate net installed
capacity of 687 MW (gross 1,194 MW), including 26 hydroelectric operating
facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in
five projects under development or under construction with an aggregate net
installed capacity of 210 MW (gross 321 MW), for which power purchase
agreements have been secured; and (iii) prospective projects with an aggregate
net capacity totaling 2,900 MW (gross 3,125 MW). Innergex Renewable Energy
Inc. is rated BBB- by S&P and BB (high) by DBRS (unsolicited rating).
The Corporation's strategy for building shareholder value is to develop or
acquire high-quality facilities that generate sustainable cash flows and
provide a high return on invested capital, and to distribute a stable dividend.
SOURCE Innergex Renewable Energy Inc.
Marie-Josée Privyk, CFA, SIPC Director - Investor Relations 450 928-2550,
ext. 222 firstname.lastname@example.org
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CO: Innergex Renewable Energy Inc.
NI: UTI MNA
-0- Jun/27/2014 18:56 GMT
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