Carleton wind farm: all 73 wind turbines erected



    LONGUEUIL, QC, Oct. 20 /CNW Telbec/ - Innergex Renewable Energy Inc.
(TSX: INE) (the "Corporation") announces that all 73 wind turbines of the
Carleton wind farm have been erected. Access roads and the electrical
sub-station have also been completed. The commissioning is underway and
commercial operations should begin by November 30, 2008, as originally
planned.
    Innergex owns 38 % of the Carleton wind farm through its interest in
Cartier Wind Energy. TransCanada Corporation holds 62 % ownership in the wind
farm.
    Construction of the project began in October 2007. The project has a
total installed capacity of 109.5 megawatts (MW) and will generate
340,000 MW-hr of energy per year. Expected annual revenues for this wind farm
should total $26 million.
    "We are very satisfied with the way construction work has progressed and
are very confident that the project will reach commercial operation on time
and on budget," stated Michel Letellier, President and Chief Executive Officer
of the Corporation.
    The Carleton wind farm is the third Cartier Wind Energy project to be
built following Hydro-Quebec Distribution's first call for tenders. The
Carleton wind farm has a 20-year power purchase agreement with Hydro-Quebec
for energy generated by the facility.

    Innergex Renewable Energy Inc. is a developer, owner and operator of
run-of-river hydroelectric facilities and wind energy projects in North
America. The Corporation's management team has been involved in the renewable
power industry since 1990. The Corporation owns a portfolio of projects which
consists of one operating facility (8 MW), interests in nine development
projects with power purchase agreements under construction or to be
constructed between 2008 and 2012 (gross expected capacity of 565 MW), and
prospective projects (gross expected capacity of more than 1,700 MW). Innergex
Renewable Energy Inc. also owns 16.1% of the Innergex Power Income Fund, a
publicly-traded income fund listed on the Toronto Stock Exchange (IEF.UN), and
acts as its manager under long-term management agreements. Innergex Power
Income Fund owns 12 projects in operation, with a total installed capacity of
340 MW.

    Forward-looking statements

    Investors should note that some statements in this press release are
forward-looking and may not give full weight to all potential risks and
uncertainties. Forward-looking statements are, by their nature, subject to
risks and uncertainties, and actual results, actions or events could
materially differ from those set forth in the forward-looking statements. All
forward-looking statements are only valid as of the date they were made. The
Corporation does not undertake to update forward-looking statements except in
accordance with applicable laws.
    %SEDAR: 00026108EF




For further information:

For further information: Mr. Jean Trudel, MBA, Vice President - Finance
and Investor Relations, Innergex Renewable Energy Inc., (450) 928-2550,
jtrudel@innergex.com


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