2020-07-04
http://w3.windfair.net/wind-energy/news/21532-france-innergex-completes-the-acquisition-of-seven-wind-power-projects

News Release from windfair.net

List_windfair_logo_pos

Wind Industry Profile of


France: Innergex completes the acquisition of seven wind power projects

Acquisition of 7 operating wind power projects with an installed capacity of 87 MW / Private placement of Innergex common shares for a total value of $50 M

Innergex Renewable Energy Inc. has completed the previously announced acquisition of seven operating wind power projects located in France, from German company wpd europe GmbH. Concurrently with the closing, long-term derivative financial instruments were entered into to cover the foreign exchange risk on a portion of the distributions expected to be repatriated from France from these acquired assets over the next 25 years.

Description of the aquired assets

The seven wind farms are located in the north and center 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 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).

Private placement of Innergex common shares

To finance part of the acquisition, three Desjardins Group affiliated entities have collectively subscribed to a private placement of 3,906,2 50 common shares of Innergex at a price of $12.80 per share, for gross proceeds of C$50 M on the closing date.

Issuance of the common shares for this private placement is subject to the customary regulatory approvals by the applicable securities regulatory authorities, including the TSX. Moreover, the common shares issued under the private placement are subject to a statutory four-month sale restriction period after their issuance.

Source:
Innergex
Link:
www.innergex.com/...



Alle Meldungen Von windfair.net

List_windfair_logo_pos

news in archive





Keyword Search

© smart dolphin Gmbh 1999 - 2020 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020