LONGUEUIL, QC, July 21, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex") announced today the completion of its previously announced acquisition by La Caisse by way of a plan of arrangement under the provisions of the Canada Business Corporations Act (the "Arrangement").

Pursuant to the terms of the Arrangement, La Caisse has acquired all of the issued and outstanding common shares of Innergex (other than those held by La Caisse and certain members of senior management rolling over (the "Rollover Shareholders")) for a price of $13.75 per common share in cash. All of the issued and outstanding preferred shares Series A and Series C of Innergex were also acquired by La Caisse for $25.00 per preferred share in cash (plus all accrued and unpaid dividends and, in the case of the Series A preferred shares, an amount in cash per Series A preferred share equal to the dividends that would have been payable in respect of such share until January 15, 2026, which is the next available redemption date). All of the outstanding 4.65% subordinated unsecured convertible debentures of Innergex have been repaid in full upon completion of the Arrangement, including as to principal and accrued and unpaid interest thereon.

TORONTO, July 18, 2025 /CNW/ - The shareholders of Innergex Renewable Energy Inc. (TSX: INE) have agreed to the terms of a Plan of Arrangement resulting in the acquisition by La Caisse. Each share of Innergex Renewable Energy will receive $13.75 cash consideration. Innergex Renewable Energy shares will be removed from the S&P/TSX Composite Index prior to the open of trading on Wednesday, July 23, 2025.

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LONGUEUIL, QC, July 16, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce today that all required regulatory approvals for the closing of the previously announced plan of arrangement involving the Corporation and La Caisse (formerly CDPQ), (the "Arrangement") have now been received.

Innergex further announces that it intends to terminate its dividend reinvestment plan (the "DRIP") effective as of July 17, 2025, pursuant to and in accordance with the terms of the DRIP, in connection with the Arrangement. As previously announced by the Corporation, since the April 15, 2024 dividend, Innergex was purchasing the additional common shares due under the DRIP in the secondary market rather than issuing them from treasury. The plan agent under the DRIP, Computershare Investor Services Inc., will send to each participant (or to his or her nominee, as applicable) a DRS Advice for whole common shares held for such participant's account under the DRIP and a cheque in payment for any remaining fractions of common shares in such participant's account. Each whole common share held on behalf of a participant under the DRIP will entitle such participant to receive the consideration payable to common shareholders of Innergex in accordance with the plan of arrangement upon closing of the Arrangement. Participants who submit a valid letter of transmittal to Computershare Investor Services Inc. for their Innergex common shares will also receive the consideration they are entitled to receive under the plan of arrangement for their common shares held under the DRIP. Participants seeking further information with respect to their entitlements under the DRIP may contact the plan agent under the DRIP, Computershare Investor Services Inc. (1‑800‑564-6253).

LONGUEUIL, QC, June 12, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announced its intention to repay in full on June 30, 2025, being the maturity date, (the "Maturity Date") all of its then-outstanding 4.75% convertible unsecured subordinated debentures due on June 30, 2025 (the "Debentures") in accordance with the provisions of the trust indenture (the "Indenture") dated June 12, 2018 between the Corporation and Computershare Trust Company of Canada (the "Trustee").

LONGUEUIL, QC, June 12, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announced its intention to redeem in full on June 30, 2025 (the "Redemption Date") all of its then-outstanding 4.75% convertible unsecured subordinated debentures due on June 30, 2025 (the "Debentures") in accordance with the provisions of the trust indenture (the "Indenture") dated June 12, 2018 between the Corporation and Computershare Trust Company of Canada (the "Trustee").

LONGUEUIL, QC, May 30, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") and Mi'gmawei Mawiomi Business Corporation ("MMBC") are pleased to announce the closing of the financing for the construction and operation of the 102 MW Mesgi'g Ugju's'n 2 Wind Project. The financing consists in a $163.9 million green loan, an interconnection bridge loan of $41.0 million and a LC facility of $10.2 million with CIBC, Desjardins Group and National Bank of Canada as Lenders, Joint Bookrunners, Coordinating Lead Arrangers and Green Loan Coordinators. The financing was informed by the Green Loan Principles and the Desjardins Group acted as Administrative Agent for the senior lenders syndicate.

Innergex has entered into a definitive agreement to be acquired by CDPQ for $13.75 per common share in cashThe arrangement resolution was approved by 99.86% of the votes cast by common shareholders present virtually or represented by proxy at the annual and special meeting of shareholders held on May 1, 2025, excluding common shares held by the rollover shareholdersReached commercial operation of the Hale Kuawehi solar and storage facility in HawaiiAdjusted EBITDA Proportionate1 reached $181.9 million, up 7% compared to Q1 2024Free Cash Flow per Share1 at $1.07 for the trailing twelve months year ended March 31, 2025

LONGUEUIL, QC, May 2, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce that (i) the holders of record on March 21, 2025 (the "Common Shareholders") of its common shares (the "Common Shares") and (ii) the holders of record on March 21, 2025 (the "Series A Preferred Shareholders") of its cumulative rate reset preferred shares, Series A (the "Series A Preferred Shares") have each approved, at the annual and special meeting of shareholders of the Corporation held on May 1st, 2025 (the "Meeting"), a special resolution, in each case, approving the statutory plan of arrangement for the acquisition by CDPQ of (i) all of the issued and outstanding Common Shares (other than those held by CDPQ and its affiliates and the shares to be rolled over by certain members of senior management (collectively, the "Rollover Shareholders")) for a price of $13.75 per Common Share in cash and (ii) all of the issued and outstanding Series A Preferred Shares and cumulative redeemable fixed rate preferred shares, series C of Innergex (collectively with the Series A Preferred Shares, the "Preferred Shares") for a price of $25.00 per Preferred Share in cash (plus all accrued and unpaid dividends and, in the case of the Series A Preferred Shares, an amount in cash per Series A Preferred Share equal to the dividends that would have been payable in respect of such share until January 15, 2026, which is the next available redemption date) (the "Arrangement").

Glass Lewis cites "significant premium" and crystallizing highest value in nearly 2 years as rationale in recommending Innergex common shareholders support the ArrangementISS re-issues report to add positive recommendation for Innergex Series A Preferred ShareholdersInnergex shareholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416- 304-0211 (Outside North America), or by email at assistance@laurelhill.com

ISS cites "attractive cash offer that represents a healthy premium" in endorsing the ArrangementShareholders are encouraged to vote well in advance of the proxy deadline of April 29, 2025 at 4:00 p.m. (Eastern Daylight Time)Innergex Shareholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416-304-0211 (Outside North America), or by email at assistance@laurelhill.com

LONGUEUIL, QC, April 9, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisor, has issued a report recommending that common shareholders of Innergex ("Innergex Shareholders") vote FOR the previously announced plan of arrangement (the "Arrangement") with CDPQ. Under the terms of the Arrangement, Innergex Shareholders will receive $13.75 for each share of Innergex owned (other than those already held by CDPQ and its affiliates and the shares to be rolled over by certain members of senior management) (the "Consideration"). The Consideration represents a premium of 58% to the closing price of Innergex shares on the Toronto Stock Exchange on February 24, 2025 and approximately 80% to the 30-day volume weighted average share price on the TSX for the period ending on the same date, being the last trading day prior to the execution of the Arrangement Agreement.

LONGUEUIL, QC, April 1, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce the selection of two solar projects totalling 32 MW in the municipality of Joux-la-Ville. These two projects are part of the Grenier des Essences portfolio and were submitted as part of the Energy Regulatory Commission call for tenders in France. These agrivoltaic projects are the first developed by Innergex in France and mark an important milestone for Innergex in the French solar market.

LONGUEUIL, QC, March 26, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce that its Hale Kuawehi Solar and Battery Storage Project has reached commercial operations on March 25, 2025. The project, located on Hawaii Island, integrates 30 MW of solar photovoltaic capacity with 30 MW/120 MWh (4 hours) of battery storage, ensuring a stable and reliable supply of clean electricity to the Hawaiian Electric grid.

Visit https://www.innergex.com/en/events/annual-and-special-meeting-of-shareholders for more information. Questions or require voting assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com

LONGUEUIL, QC, March 26, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") today announced that it has filed and is in the process of mailing its management information circular (the "Circular") and related materials in connection with its upcoming annual and special meeting of shareholders to be held virtually on May 1, 2025 (the "Meeting") in connection with its previously announced arrangement to be taken private by CDPQ.

TORONTO, Feb. 25, 2025 /CNW/ - Trading resumes in:

Company: Innergex Renewable Energy Inc.

TSX Symbol: INE

All Issues: Yes

Resumption (ET): 9:30 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada..

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

TORONTO, Feb. 25, 2025 /CNW/ - The following issues have been halted by CIRO:

Company: Innergex Renewable Energy Inc.

TSX Symbol: INE

All Issues: Yes

Reason: Pending News

Halt Time (ET): 8:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

With the financial and strategic backing of CDPQ, the Transaction establishes a Québec-based renewable power leader that is positioned to accelerate its growth trajectory for years to comeInnergex's common shareholders to receive $13.75 in cash per share, representing a premium of 58% over Innergex's current share price of $8.71, and an 80% premium over the 30-day volume weighted average price of $7.66 on the TSX as of February 24, 2025The Transaction represents a total enterprise value of $10.0 billion, inclusive of project-level indebtedness and assuming the repayment of Innergex's outstanding corporate-level debt and the retirement of all outstanding Preferred Shares and Convertible DebenturesHydro-Québec, Innergex's largest shareholder with approximately 19.9% of the outstanding Common Shares1, has entered into a support and voting agreement with CDPQ pursuant to which it has agreed to vote all of its Common Shares in favour of the TransactionThe Transaction has been unanimously approved by Innergex's Board of DirectorsThe Transaction provides immediate liquidity and certainty of value to Innergex shareholdersThe Transaction is expected to close by Q4 2025, subject to the receipt of the required approvals from Innergex's common shareholders and certain regulatory approvals, as well as the satisfaction of other customary closing conditions

Q4 2024 Strategic Execution

560 MW secured in BC Hydro's call for power in British ColumbiaReached commercial operation of the 330 MW Boswell Springs wind farm in WyomingAdvanced five projects totaling 180 MW to the construction phaseStrengthened financial position with approximately $450 million in financings to support growthMet 2024 financial guidance for Adjusted EBITDA Proportionate1 and exceeded guidance for Free Cash Flow per share1

Q4 2024 Financial Results

Adjusted EBITDA Proportionate1 reached $210.0 million, up 13% compared to Q4 2023Free Cash Flow per Share1 at $1.06 for the year ended December 31, 2024

LONGUEUIL, QC, Jan. 15, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") will release its 2024 Fourth Quarter and year-end financial results on Wednesday, February 19, 2025, and will hold a conference call and webcast to discuss the results on Thursday, February 20, 2025, at 9 AM (EST).

Conference Call and Webcast 

Date and time:

Thursday, February 20, 2025 

9 AM EST

Webcast:

http://bit.ly/4fTtj0Y

Phone numbers:

1-800-990-4777 

or 514-400-3794 

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/40oP1FG to receive an instant automated call back.

LONGUEUIL, QC, Feb. 18, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce that it has received the final tax equity funding for the Boswell Springs wind farm in Wyoming, which achieved full commercial operation on December 31, 2024. The US$338.3 million (CAN$479.2 million) tax equity investment was used to repay the existing tax equity bridge loan, and the Corporation has also concluded the successful repayment and term-conversion of the existing construction loan on the facility.

Addition of the 13 MW La Cense wind project under development, with Innergex France set to manage development, construction, financing, and long-term operations, targeting commissioning in 2026.20-year power purchase agreement with EDF to guarantee long-term, stable revenues.Operational synergies with Innergex's nearby Bois des Cholletz operating wind farm and other potential future developments in the area.

LONGUEUIL, QC, Jan. 28, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce the addition of the 13 MW La Cense wind project to its development portfolio, through Innergex France, its joint subsidiary with Crédit Agricole Assurances and Crédit Agricole Centre-Est. Located in the Oise department in France, this initiative marks Innergex France's first development acquisition since the minority sale of its shares to Crédit Agricole Assurances and Crédit Agricole Centre-Est. The project is under development, and the Innergex team is advancing it towards construction in the near future, with a goal of achieving commercial operations in 2026.