Wind energy: Innergex invests 137 million in Europe

(Montreal) Innergex Renewable Energy has agreements with the German company wpd europe GmbH to acquire 8 wind projects in France, whose value is approximately 137 million Canadian dollars.

The agreement covers seven operating facilities with a total capacity of 87 megawatts and a project building 44 megawatts, for a total of 131 megawatts.

Michel Letellier, President and CEO, emphasizes the ambition of Innergex to export its expertise and know-how in Europe. “The transactions announced today are the foundation for the future development of Innergex in France, a very attractive growth market,” he adds.

The company also announced Monday a private placement with three affiliates Desjardins Group for $ 50 million.

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