Innergey Acquires Three Wind Farms in France

Accretive acquisition of 3 wind farms with an aggregate installed capacity of 119.5 MW / Projected increase to revenues, Adjusted EBITDA and Free Cash Flow of C$34.8M, C$26.9M and C$4.4M, respectively for the first twelve months of operations / All the energy produced to be sold under long-term power purchase agreements with Electricité de France / Total enterprise value acquired of C$335M

Innergex Renewable Energy Inc. is pleased to announce that a final agreement has been signed with Velocita Energy Developments (France) Limited (an affiliate of Riverstone Holdings LLC) to purchase three wind projects in France with a total aggregate installed capacity of 119.5 MW. As of today, 97.3 MW out of 119.5 MW (or 81%) have already reached mechanical completion and the remaining... ... More: Official Press Release Innergex

Keywords:

Innergex, France, EDF, acquisition