LONGUEUIL, QC, May 12, 2015 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is proud to release today its first sustainable development report.
"As we celebrate our 25th anniversary, we are especially pleased to publish our first sustainable development report as an important means of engaging with our partners and stakeholders" declares Mr. Letellier, President and Chief Executive Officer of Innergex. "We are very proud of our commitment to produce renewable energy exclusively. We have come to know that sustainable development isn't just about what we do, but also about how we do it. We have always strived to achieve a balance between economic, social and environmental considerations and we recognize that this is a continuous improvement process", adds Mr. Letellier.
The report is available online at www.innergex.com. It is also downloadable in PDF format and available in paper copies upon request.
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 208 MW (gross 319 MW), for which power purchase agreements have been secured; and (iii) prospective projects with an aggregate net capacity totaling 3,190 MW (gross 3,330 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P.
The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities that generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital, and to distribute a stable dividend.
SOURCE Innergex Renewable Energy Inc.
For further information: Marie-Josée Privyk, CFA, SIPC, Director - Communications and Sustainable Development, 450 928-2550, ext. 222, [email protected], www.innergex.com