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
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
SOURCE: Innergex Renewable Energy Inc.
For further information:
Marie-Josée Privyk, CFA, SIPC
Director - Investor Relations
450 928-2550, ext. 222