Innergex buys 8 wind power projects in Germany, France

France wind farm elp

Innergex Renewable Energy signed final agreements with a German company, wpd europe GmbH, for the acquisition of a portfolio of 8 wind power projects located in France, that is, 7 operating projects with a combined installed capacity of 87 MW and another project currently under construction with an installed capacity of 44 MW, for a total of 131 MW.

Simultaneously, the corporation announced a private placement of $50 million with three Desjardins Group affiliated entities.

"Establishing a foreign foothold is the cornerstone for the next growth stage at Innergex," explains Michel Letellier, president and CEO. "This acquisition represents not only the outcome of a long process during which we laid the foundations for a new phase in the evolution of the Corporation, but also the achievement of an ambitious objective—our desire to export our expertise and know-how to Europe. Furthermore, the transactions announced today lay the basis for the future development of Innergex in France, a highly attractive growth market."

As part of this new growth stage, Innergex has also reached an exclusive agreement with the French firm Société Environnement Minéraux SARL and the consulting firm DRC SARL to develop a portfolio of wind power projects in France totaling over 100 MW.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs