- 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.
Innergex Renewable Energy has announced 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.
'This development acquisition is a significant step forward in our strategic partnership and reinforces our commitment to advancing renewable energy in France,' said Michel Letellier, President and Chief Executive Officer of Innergex. 'This investment meets our performance objectives, and the La Cense wind project complements well our existing portfolio in France. Its proximity to our Bois des Cholletz wind farm and other potential future developments in the area creates synergies that boost operational efficiency and integrate seamlessly into our growing portfolio.'
About Innergex Renewable Energy Inc.
For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 90 operating facilities with an aggregate net installed capacity of 3,707 MW (gross 4,662 MW), including 42 hydroelectric facilities, 36 wind facilities, 9 solar facilities and 3 battery energy storage facilities. Innergex also holds interests in 14 projects under development with a net installed capacity of 674 MW (gross 1,017 MW), 1 of which is under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 9,807 MW. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital.
Source: Innergex
