Innergex Acquires 7 Wind Power Projects in France

Innergex Renewable Energy Inc. has completed the acquisition of seven operating wind power projects, located in France, from German company wpd europe GmbH.

Based in Longueuil, PQ, Innergex develops, owns and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms in BC, Ontario, Quebec, Idaho, USA, and France.

The company’s portfolio of assets currently consists of interests in

• 42 operating facilities with an aggregate net installed capacity of 803 MW (gross 1,318 MW), including 28 hydroelectric operating facilities, 13 wind farms, and one solar photovoltaic farm

• interests in four projects under development or under construction with an aggregate net installed capacity of 187 MW (gross 297 MW), for which power purchase agreements have been secured

• prospective projects with an aggregate net capacity totaling 3,280 MW (gross 3,530 MW). The seven newly acquired wind farms are located in the north and centre of France.

The aggregated installed capacity of all seven farms is 86.8 MW and the annual long-term average level of electricity production is expected to reach 169,400 MWh. All the electricity produced is sold under power purchase agreements (“PPAs”) at fixed prices, for an initial term of 15 years, with Électricité de France (6 wind farms) and S.I.C.A.E Oise (1 wind farm).

Photo source: wpd europe GmbH.