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.

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.

The electricity produced is sold under a 30-year, 320 MW busbar power purchase agreement with PacifiCorp

LONGUEUIL, QC, Jan. 13, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce that its Boswell Springs wind farm, located in Wyoming, USA, has reached commercial operation on December 31, 2024, and has begun delivering clean electricity to the grid under a long-term power purchase agreement ("PPA") with PacifiCorp. This important milestone marks a key step forward marking the beginning of operations.

Signature of a 30-year power purchase agreement with BC Hydro for the electricity to be generated by the Nithi Mountain wind project (200 MW).Partnership between Stellat'en First Nation (51%) and Innergex (49%) to bring more clean energy to the region.Will bring significant opportunities for economic growth and social development to the region, supporting Stellat'en First Nation's vision for a sustainable and prosperous future.Continuous and steady cash flow for 30 years, indexed to inflation.

LONGUEUIL, QC, Dec. 27, 2024 /CNW/ - Stellat'en First Nation and Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") are pleased to announce the signing of a 30-year electricity purchase agreement (EPA) with BC Hydro for the electricity to be generated by the Nithi Mountain wind project (200 MW). This milestone marks a significant step forward in advancing sustainable energy solutions while fostering collaboration and creating long-term social and economic benefits for the Bulkley-Nechako region in British Columbia.

Signature of a 30-year power purchase agreement with BC Hydro for the electricity to be generated by the K2 wind project (160 MW).Continuous and steady cash flow for 30 years, indexed to inflation upon commencement of commercial operation.Potential advancements in clean energy, sustainability, and economic growth within the syilx Okanagan Territory.

LONGUEUIL, QC, Dec. 27, 2024 /CNW/ - Westbank First Nation ("WFN") and Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") are pleased to announce the signing of a 30-year electricity purchase agreement (EPA) with BC Hydro for the electricity to be generated by the K2 wind project (160 MW). Located in the Pennask Mountain area, this initiative represents an exciting opportunity for the communities involved to explore their potential roles in advancing clean energy, sustainability, and economic growth.

Signature of a 30-year power purchase agreement with BC Hydro for the electricity to be generated by the Stewart Creek wind project (200 MW).Partnership between West Moberly First Nations (51%) and Innergex (49%) to bring more clean energy to the region.Will bring significant opportunities for economic growth and social development to the region.Continuous and steady cash flow for 30 years, indexed to inflation.

LONGUEUIL, QC, Dec. 27, 2024 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce the signing of a 30-year electricity purchase agreement (EPA) with BC Hydro for the electricity to be generated by the Stewart Creek wind project (200 MW), in partnership with West Moberly First Nations. Located approximately 60 km east of Innergex's Dokie Wind Farm, the community wind project represents a step forward in the transition to clean, renewable energy for British Columbia.

US$100 million (CAN$142 million) non-recourse bridge loan for the Hale Kuawehi solar and battery storage project in HawaiiThe construction phase is completed, and Hale Kuawehi is now advancing toward the final commissioning and testing stagesUpon its commissioning, the project will benefit from a 25-year power purchase agreement with the Hawaii Electric Light CompanyThe proceeds will be used mainly to repay the corporate revolving credit facility, effectively reducing corporate leverage

LONGUEUIL, QC, Dec. 16, 2024 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") has closed a US$100 million (CAN$142 million) non-recourse bridge loan with First Citizens Bank to support the Hale Kuawehi project through its final stages and repay the corporate revolving credit facility, effectively reducing corporate leverage.

Three wind projects co-developed with Indigenous partners representing a combined gross capacity of 560 MWSolidifies Innergex's position as the leading independent power producer in British ColumbiaThese projects underscore Innergex's commitment to advancing renewable energy growth in British Columbia, while supporting local and Indigenous communitiesInnergex acknowledges and values the trust its Indigenous partners have placed in the Corporation by selecting it as their partnerContinuous cash flow for 30 years, indexed to inflation

LONGUEUIL, QC, Nov. 6, 2024 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces the retirement of its long-serving Chair, Daniel Lafrance, as previously announced in the Management Information Circular earlier this year, and the appointment of Monique Mercier as Chair of the Board, effective immediately. Ms. Mercier, a seasoned and award-winning corporate director who has served on the Innergex Board since 2015, will be the first woman to hold this role at Innergex. Mr. Lafrance, stepping down after a distinguished and multi-year tenure dedicated to advancing Innergex's leadership in renewable energy, will remain on the Board until December 31, 2024, to ensure a smooth transition.

Strategic Execution

Submitted a portfolio of projects in the call for power in British ColumbiaRenewed a 25-year PPA for the three Portneuf facilities in Quebec, which supports the ongoing refinancing initiative of the portfolioContinued executing on our diversified growth strategy in Chile with the addition of a 2.7 MW hydro facility that complements our existing assets and the advancement of two battery energy storage projects to the development phaseClosed a $107.5 million financing for the Portneuf hydro portfolio, optimizing its financial structure and enhancing the Corporation's liquidityReaffirming full year 2024 financial guidance

LONGUEUIL, QC, Oct. 3, 2024 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) (« Innergex » or the « Corporation ») will release its 2024 Third Quarter financial results on Wednesday, November 6, 2024, and will hold a conference call and webcast to discuss the results on Thursday, November 7, 2024, at 9 AM (EST). The speakers will be Mr. Michel Letellier, President and Chief Executive Officer, Mr. Jean Trudel, Chief Financial Officer, and Mr. Niko Nikolaidis, Vice President – Finance.