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Innergex Snares 138MW Idaho Wind Portfolio (M&A, Ind. Report)
Innergex,Wind,Terna Energy
Date: 2020-07-17
Longueuil, Quebec-based Innergex Renewable Energy Inc. is reporting the acquisition of all Class B shares of Athens, Greece-based renewable energy developer Terna Energy's portfolio of six operating wind farms in Elmore County , Idaho. Together, the sites have a total installed capacity of 138MW, with 23MW per site.

The wind portfolio is covered under a full scope service maintenance agreement and has PPAs with Idaho Power Company for a remaining period of nearly 12.5 years. (Source: Innergex, PowerTech, 16 July, 2020) Contact: Innergex Renewable Energy , Michel Letellier, Pres., CEO, Jean Trudel, (450) 926-2550, info@innergex.com, www.innergex.com; Terna Energy, +30 210 6968000, F: +30 210 6968098-99, info@terna-energy.com, www.terna-energy.com

More Low-Carbon Energy News Innergex,  Terna Energy,  Wind,  


Hydro-Quebec Taking Stake in Innergex Renewable (M&A)
Innergex Renewable Energy ,Hydro-Quebec
Date: 2020-02-10
Longueuil, Quebec-based Innergex Renewable Energy Inc. reports provincially- owned Hydro-Quebec will invest roughly 661 million Cdn ($497 million US) for 34.6 million common shares -- a nearly 20 pct stake in Innergex.

The two companies plan to invest in wind and solar projects with battery storage or transmission, distributed generation, off-grid renewable energy networks, and other sectors.

Innergex anticipates using about $50 million from the private placement to develop its 200 MW Hillcrest solar photovoltaic project in Brown County, Ohio, according to the Reuters report. (Source: Innergex Renewable Energy, Reuters, 6 Feb., 2020) Contact: Innergex Renewable Energy, Jean Trudel, (450) 926-2550, info@innergex.com, www.innergex.com; Hydro-Quebec, Marc-Antoine Pouliot, (514) 289-5005, www.hydroquebec.com

More Low-Carbon Energy News Innergex Renewable Energy ,  Hydro-Quebec,  


GE Wins 350 MW Texas Wind Farm Turbine Order (Ind. Report)
GE Renewable Energy
Date: 2019-11-20
GE Renewable Energy reports it has been selected by Innergex Renewable Energy to supply 139 units of its 2.X-127 onshore wind turbines on 89-meter towers for Innergex's approximately 350 MW Foard City Wind project in Foard County, Texas. The order also includes a 20-year full-service agreement. The Foard City wind farm reached commercial operation on September 27, 2019. GE's 2 MW fleet operates at an industry-leading average of 98+ percent availability. (Source: GE Renewable Energy, Various Media, 18 Nov., 2019) Contact: GE Renewable Energy, Vikas Anand, CEO, www.ge.com/renewableenergy

More Low-Carbon Energy News GE Renewable Energy ,  Wind,  


350-MW Foard City Texas Wind Farm Now Online (Ind. Report)
Vistra Energy, Innergex Renewable Energy
Date: 2019-10-09
Longueuil, Quebec-based Innergex Renewable Energy Inc. reports its 350.3-MW Foard City, Texas wind farm has begun commercial operation. The 139 GE wind turbine project benefits from a 12-year PPA with Vistra Energy for 300 MW of the wind farms total installed capacity, with the remainder to be sold at merchant market price. (Source: Innergex Renewable Energy, Oct., 2019) Contact: Innergex Renewable Energy, Jean Trudel, (450) 926-2550, www.innergex.com, info@innergex.com; Vistra Energy, Curtis Morgan, CEO, www.vistraenergy.com

More Low-Carbon Energy News Vistra Energy,  Wind,  Innergex Renewable Energy,  


Innergex Unloading Icelandic Energy Firm HS Orka for $305Mn (M&A)
Innergex,Macquarie Infrastructure
Date: 2019-03-25
Longueuil, Quebec-based Innergex Renewable Energy Inc. reports it will sell its wholly-owned Magma Energy Sweden A.B. subsidiary which holds a 53.9 pct equity stake in HS Orka, to a Macquarie Infrastructure and Real Assets managed European infrastructure fund, for $304.8 million subject to customary closing adjustments

.HS Orka holds two operating geothermal facilities (Reykjjanes and Svartsengi) totaling 174 MW, the 10 MW Bruarvirkjun run-of-river hydro project which is under construction, a number of prospective renewable power projects, as well as a 30 pct equity interest in the Blue Lagoon Geothermal Spa and Resort in Iceland. The fully funded transaction is subject to the satisfaction of certain closing conditions.

Net proceeds from the sale will be used to reimburse the $228 million one-year credit facility contracted in October 2018 at the time of the acquisition of the remaining interest in the Cartier wind farms and operating entities, to deleverage corporate facilities and for general corporate purposes. (Source: Innergex, PR. 25 Mar., 2019) Contact: Innergex, (450) 926-2550, www.innergex.com, info@innergex.com; Macquarie Infrastructure, www.macquarie.com/mgl/com/mic-inc

More Low-Carbon Energy News Geothermal,  Hydro,  Run-of-River,  Innergex,  Macquarie Infrastructure,  


Innergex Inks Hawaiian Solar-plus-Storage PPAs (Ind. Report)
Innergex Renewable Energy
Date: 2019-01-09
Longueuil, Quebec-based Innergex Renewable Energy Inc is reporting the signing of a PPA for two solar-plus battery energy storage projects with a combined photovoltaic (PV) capacity of 45 MW in Hawaii.

The PPAs with the Hawaii Electric Light Company and the Maui Electric Company are for the 30-MW Hale Kuawehi and Paeahu projects which are scheduled for completion in 2022. The Hale Kuawehi PV park will will generate an average of 92,000 MWh of electricity per year and will incorporate 120 MWh of battery storage capacity. The 15-MW Paeahu solar plant in Maui will include a 60-MWh energy storage system and have an average annual output of 45,000 MWh. (Source: Innergex Renewable Energy, Renewables Now, 7 Jan., 2019) Contact: Innergex Renewable Energy, Michel Letellier, CEO, (450) 928-2556, info@innergex.com, www.innergex.com

More Low-Carbon Energy News Innergex Renewable Energy,  Solar ,  

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