Gilles Lefrançois - Guest Speaker at the Canadian Club of Montreal

    LONGUEUIL, QC, Oct. 16 /CNW Telbec/ - Innergex Renewable Energy Inc.
(TSX: INE) (the "Corporation") is pleased to announce that the Corporation's
Executive Chairman of the Board of Directors, Mr. Gilles Lefrançois, will be a
guest speaker at the Canadian Club of Montreal on Monday, October 20, 2008.
The lunchtime conference will be held at the Saint James Club in Montreal,
from noon to 2:00 p.m.
    Mr. Lefrançois will discuss the myths and realities of wind energy, with
a focus on the economic benefits of wind energy development in Quebec.

    For additional information or to register:

    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 Investors Relations, Innergex Renewable Energy Inc., (450) 928-2550,

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Innergex Renewable Energy Inc.

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