Innergex Expands Renewable Energy Portfolio with New Wind Project in France

Innergex Renewable Energy Inc. (TSX: INE), a leading independent Canadian power producer, continues to strengthen its position in the global renewable energy sector with the addition of a new wind project under development in France. This strategic move aligns with Innergex's long-term growth strategy and commitment to renewable energy expansion, further diversifying its asset portfolio and reinforcing its risk management approach.



The acquisition of Alterra Power Corp. in 2017 allowed Innergex to integrate geothermal energy into its offering, achieving an operating capacity of over 2,000 MW by 2020. The new wind project in France is another example of Innergex's commitment to geographical and energy source diversification. By adding another energy source to its portfolio, Innergex mitigates the variability of natural resources and strengthens its risk management strategy.

Innergex's balanced portfolio is at the heart of its risk management strategy, with significant diversification to mitigate the variability of natural resources. The new wind project in France further enhances this diversification by adding another energy source to the mix. Moreover, the project contributes to Innergex's strong, highly contracted profile, providing predictable, inflation-protected income and reinforcing the company's stable cash flow.

The addition of the new wind project in France also solidifies Innergex's leadership position in the attractive and fast-growing renewable energies sector. The company's rigorous ESG practices promote a cleaner economy, with long-term partnerships with local and Indigenous communities. This commitment to sustainability and community engagement is a key factor in Innergex's success and growth.

In conclusion, the new wind project in France contributes to Innergex's overall portfolio diversification and risk management strategy by adding another energy source, enhancing geographical diversification, and strengthening the company's highly contracted profile. This strategic move aligns with Innergex's long-term growth strategy and commitment to renewable energy expansion, further solidifying its position as a global player in the renewable energy sector.