France: Innergex announces the closing of the participation of the Desjardins Group Pension plan in its portfolio of wind assets

Innergex Renewable Energy Inc.announces the closing of the investment by the Desjardins Group Pension Plan in the wind project portfolio acquired in France on April 15, 2016, and a project under construction to be acquired at a later date. Following this investment, the Corporation and Desjardins detain respectively 69.55% and 30.45% of the limited partnership which holds these projects. The initial investment of Desjardins is $38.4 M and will total approximately $50 M once the project under construction is acquired.

The transaction strengthens the long business relationship between Innergex and the Desjardins Group Pension Plan. The structure in use also allows Innergex to maximize the return after tax of the wind asset portfolio in France.