Innergex announces release from escrow of the SM-1 acquisition

 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  satisfied.  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 mjprivyk@innergex.com  www.innergex.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/27/c9145.html  CO: Innergex Renewable Energy Inc. ST: Quebec NI: UTI MNA  
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