France: 8.2 Consulting AG performed TDD services for Innergex

On March 21st 2016, Innergex Renewable Energy Inc. announced the successful acquisition of a 87 MW portfolio consisting of 7 operating wind farms in France.

Image: Wind Farm Valottes; Source: Nicolas Mariage - 8.2 FranceImage: Wind Farm Valottes; Source: Nicolas Mariage - 8.2 France

“[…] the transactions announced today lay the basis for the future development of Innergex in France, a highly attractive growth market.” mentioned Michel Letellier, President and CEO of Innergex Renewable Energy Inc.

8.2 Consulting AG performed Technical Due Diligence services including technical inspections and TCMA-report analysis in the acquisition process of this portfolio and is glad to have supported Innergex Renewable Energy Inc. in this successful transaction with its in-depth technical expertise.


About Innergex Renewable Energy Inc.:

Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent renewable power producer. Active since 1990, the Corporation develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms and carries out its operations in Quebec, Ontario, British Columbia, and Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 35 operating facilities with an aggregate net installed capacity of 716 MW (gross 1,232 MW), including 28 hydroelectric operating facilities, six wind farms, and one solar photovoltaic farm; (ii) 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; and (iii) prospective projects with an aggregate net capacity totaling 3,280 MW (gross 3,530 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.

About 8.2 Consulting AG:

8.2 Consulting AG, founded in 2006, is specialized in technical consultancy for onshore and offshore wind assets, grid integration and CHP. The services of 8.2 Consulting AG include technical inspections, construction supervision, quality assurance, QHSE-consultancy, negotiation support, ESCROW-Management, Design Review to premium consulting including technical due diligence and strategic support.

8.2 Consulting AG is part of the 8.2 Group, a network of technical experts in the field of renewable energy, which was created in 1995 in Germany. In particular in the field of wind energy, the expertise of the group relies on the technical inspection of more than 20 000 wind turbines worldwide. The hands-on experience gathered in these inspections allows us to bring to our customers a real practical vision on our consulting services. (www.8p2.de/en/windenergie)

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