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Quebec's CDN$434-billion pension fund, has completed its acquisition of Innergex Renewable Energy Inc., removing the 32-year-old company from public markets.

Innergex Renewable Energy has commissioned the 250MWac / 315MWdc Phoebe PV project located in Winkler County, Texas. The site, which will boast an average annual power generation expected to be sufficient enough to power more than 50,000 Texan households, is tabbed by Innergex as the largest solar farm currently in operation in Texas. Located on over 1,416 hectares of land, the Phoebe installation is comprised of 768,000 First Solar Series 6 thin-film PV panels that will be operated by the panel manufacturer under a five-year O&M agreement.  The total output produced by the Phoebe site will be sold to the ERCOT power grid and 89% of the energy produced will receive a fixed price under a 12-year PPA with Shell Energy North America. The remainder of the project’s generation output will be given a merchant market price.  In total, construction costs for the installation will amount to approximately US$397 million.  The site is expected to receive a federal Investment Tax Credit (ITC) sized to approximately 30% of the project’s costs. Michel Letellier, president and chief executive officer of Innergex, said: “This has been a big year for Innergex in Texas and for our development in the United States. When we first announced the Phoebe project acquisition back in 2018, we had a goal to reach a net total installed capacity of 2,000MW by 2020, but our impressive growth over the past two years has been such that it enabled us to achieve and even surpass our objectives well earlier than expected. We are proud to now have a total net installed capacity of 2,588MW worldwide, and with more projects in various stages of development, Innergex is in a good position to pursue its growth.”

Innergex Renewable Energy has commissioned its 50MW/250MWh Salvador battery facility in Chile. It is located on the site of the 68MW Salvador solar array in the Atacama Desert and is the first utility-scale battery storage site installed in the country. The facility stores renewable energy produced during the day to be dispatched to evening hours to benefit from peak prices on the merchant market at times of greater demand, enabling the storage facility to avoid daytime congestion and support the grid upon peak energy demand. It will start benefiting from capacity payments by the end of 2023 and is expected to generate annual revenues of approximately US$8.2m (CAN$11.4m) in its first full year of operation. The facility is fully financed through Innergex’s green bonds issuance completed in August 2022. How Will Innergex's 50MW Salvador Battery Facility Benefit Chile? The Salvador facility is expected to help stabilize Chile's grid, reduce emissions, and increase the country's reliance on renewable energy. The battery storage facility will allow Innergex to provide Chile with cleaner and more reliable energy during peak hours, avoiding power cuts and blackouts. The facility is expected to help reduce electricity prices, as it will reduce the need for Chile to rely on imported electricity and peak power plants, which can be costly. The Salvador battery storage facility is expected to improve the efficiency of Chile's energy grid, as its ability to store power will help ensure that energy is not wasted. The facility is expected to create jobs in the region, as well as providing economic benefits to the local community.

Innergex Renewable Energy will certainly get the 60MW Sault Ste Marie solar portfolio located in northwestern Ontario from Fengate Asset Management for an acquisition cost of $50.2 m, together with the presumption of $169.5 m of existing financial debt. The Sault Ste Marie 1, 2, as well as 3 facilities reached complete commissioning in between 2010 as well as 2011 and also have achieved an exceptional operating performance history since then, with a historic five-year weighted-average accessibility of 98.5%. All three centers are fully contracted under long-lasting Renewable Energy Standard Offer Program power purchase contracts with the Independent Electricity System Operator (Aa3 rating by Moody's). SSM1 has actually gross set up capacity of 20MW. Commissioned in October 2010, it has one more eight years on its PPA. Both the 30MW SSM2 and 10MW SSM3 were commissioned in 2011, as well as have another nine years on their PPAs. The assets are anticipated to generate annual revenues of around $33.1 m in 2023, while operating, basic and administrative expenses are anticipated to get to approximately $3.1 m throughout the same duration. The acquisition is expected to close in the first quarter of 2023 and goes through certain governing authorizations in Canada, key 3rd party approvals and also various other normal closing conditions. " This is our very first acquisition in Canada because 2018, and also we are thrilled to include this collection of high-performing fully gotten solar assets to our portfolio for added as well as reliable Canadian dollar capital," said Michel Letellier, President and Chief Executive Officer of Innergex. " The portfolio includes in our geographical diversification as well as enhances our asset mix by including 60MW of solar capacity to our existing fleet."

commune in the north-central French region of Bourgogne-Franche-Comté, Innergex, which is additionally headquartered in Quebec, Canada, said on Friday (22

Innergex has actually awarded Mitsubishi Power the order for its Emerald storage service and the projects are anticipated to come online in 2023. Emerald is a lithium iron phosphate (LFP) based BESS item with a duration of approximately six hrs, although the two projects ordered will just be able to release for 5 hours. The projects will certainly be co-located with existing solar PV facilities operated by Innergex as well as will give lots shifting capabilities, storing the solar energy during the day and also dispatching it during the night. The 68MW Salvador solar PV facility will certainly add 50MW/250MWh of storage space while the 50.6 MW Andrés site will include 35MW/175MWh of capacity. Innergex got the Salvador as well as Andrés sites in March 2020 as well as January 2022 respectively. The BESS will certainly get capacity payments and trade power on the wholesale energy, or 'merchant', market. They will likewise provide grid resiliency for Chile's transmission as well as distribution infrastructure. A total amount of US$ 128.5 million will be invested into both BESS facilities. Journalism release stated they will certainly be amongst the very first co-located solar and storage space projects in Chile, in addition to Innergex's very first BESS projects in Chile and Mitsubishi Power's first in South America. The country is going for 80% clean electricity by 2030 as well as 100% by 2050. Mitsubishi Power Americas' senior VP for power storage space Tom Cornell informed Energy-storage. information in an exclusive meeting recently that the storage space market would certainly widen out right into much more areas in 2022, having been dominated by a handful of US states in 2015, mainly California. The company has greater than 1.7 GWh of utility-scale BESS projects in release across the globe. Commenting on the news, Cornell claimed: "We are delighted to bring our technology to South America as well as expand our company past The United States and Canada. The coupling of renewables and also Mitsubishi Power's Emerald storage space remedies are making it possible for a better, smarter and also extra resilient energy future for our customers in Chile as well as around the world." Michel Letellier, president and chief executive officer of Innergex, added: "The combination of hydro, wind, solar and also battery energy storage systems makes it possible for Innergex to fulfill client demands at any time of the day and deal 24/7 energy supply to industrial clients with its portfolio of projects. On top of that, the capacity payments for energy storage space enable these projects to benefit from secure and foreseeable profits to which are added the incomes stemmed from the merchant market, making these projects viable." Mitsubishi Power is also bringing its own energy management system (EMS) and supervisory control and data acquisition (SCADA) platform in addition to the shipment of the bricks-and-mortar BESS. Its Emerald Integrated Plant Controller offers real-time BESS procedure as well as a monitoring/supervisory control platform. Chile is readied to hold another large public auction for renewables and energy storage space, which will certainly get 5,250 GWh per annum for 15 years, later this year to sustain the federal government's decarbonisation strategies.

will certainly be developed with an approximated expense of $279.5 m. Innergex will certainly money the staying $87.7 m equity dedication. Innergex

investment and also videotaped at a Nil reasonable worth. On the other hand, Innergex stated that it has actually obtained this 68 MW Salvador PV solar ranch for

Innergex Renewable Energy Inc has secured $100 million in debt financing to complete its 30-MW solar park and battery storage project in Hawaii. The company acquired a non-recourse construction bridge loan from First Citizens Bank, which will be used to finalize the Hale Kuawehi project and pay off a corporate credit facility.Located near Parker Ranch’s industrial park, the Hale Kuawehi solar park aims to supply electricity to 14,600 households in Hawaii. The photovoltaic farm is expected to be operational in Q1 2025 and will incorporate a 120 MWh battery storage system, under a 25-year agreement with Hawaii Electric Light Company. What are the key features and benefits of Innergex's Hale Kuawehi solar park project? Key Features and Benefits of Innergex's Hale Kuawehi Solar Park Project Project Size and Capacity: The Hale Kuawehi solar park will have a capacity of 30 megawatts (MW), providing significant renewable energy output to the region. Battery Storage Integration: The inclusion of a 120 megawatt-hour (MWh) battery storage system enhances energy reliability and sustainability, allowing the storage of excess energy generated during peak sunlight hours for use during lower production times. Household Impact: The project is expected to supply clean electricity to approximately 14,600 households, contributing to energy independence and reducing reliance on fossil fuels in Hawaii. Location Advantage: Situated near Parker Ranch’s industrial park, the location is strategic for minimizing transmission losses and optimizing energy delivery to the grid. Long-term Power Purchase Agreement: The solar park will operate under a 25-year agreement with Hawaii Electric Light Company (HELCO), ensuring a stable revenue stream and long-term commitment to renewable energy in the region. Environmental Benefits: By generating solar energy, the project directly contributes to Hawaii's sustainability goals, reducing greenhouse gas emissions and fostering a cleaner environment. Job Creation: The construction and operation of the solar park are expected to create numerous local jobs, enhancing the economic development of the surrounding community. Grid Stability Contribution: The battery storage component will help stabilize the local grid by providing backup power during peak demands or outages, thus increasing the overall reliability of the energy supply. Alignment with Renewable Source Goals: The project supports Hawaii's ambitious renewable energy targets, aimed at achieving 100% renewable energy by 2045, and contributes to the broader transition towards clean energy sources. Use of Non-Recourse Financing: The $100 million non-recourse construction bridge loan from First Citizens Bank showcases innovative financing strategies that minimize risk for the equity holders while enabling substantial investment in renewable energy infrastructure. Technological Advancements: The solar park will likely employ state-of-the-art photovoltaic technology, which may include advancements in efficiency and durability, ensuring optimal energy production throughout its operational life. Community Engagement: Innergex’s commitment to engaging with the local community and stakeholders during the project development signifies a holistic approach to renewable energy that considers social impacts. These features and benefits underscore Innergex's Hale Kuawehi solar park as a significant advancement in Hawaii's renewable energy landscape, fostering environmental sustainability and economic growth.

approval from the Energy Facility Site Evaluation Council and is proposed by Innergex Renewable Development, part of Canada-based Innergex Renewable Energy

Innergex has a 55% stake in the 34-MW Pampa Elvira solar thermal plant, which has been supplying heat to Gabriela Mistral Division considering that 2013. Codelco makes use of solar thermal energy at the same time known as copper electrowinning to replace diesel consumption in water heating boilers, the miner claimed. The new contract come into pressure on April 1, 2023. It will run until December 31, 2032. "This clean power project allows us to prevent the emission of 15,000 tons of carbon dioxide each year, while at the same time accomplishing savings of greater than USD 2 million each year", claimed Mauricio Acuna, Codelco's vice-president of purchase. Pampa Elvira creates heat with solar thermal collection agencies situated on Gabriela Mistral Division's land in the Antofagasta area. The plant is said to be with the ability of creating more than 40,000 MWh of thermal energy annually, allowing the mining firm to change about 60% of fossil fuels made use of in electrowinning.

solar panels and is anticipated to create an average of 413.3 GWh a year. Innergex acquired the project in October 2018 from the initial designers, Open up Road

project in Brown County, Ohio. The funding was set up in behalf of Innergex Renewable Energy, a Canada-based independent sustainable power manufacturer

Utilities Commission approved the 25-year power acquisition contract with Innergex in 2019 to deliver electrical energy to Hawaiian Electric. The project will

State Energy Facility Site Evaluation Council (EFSEC) has recommended Innergex Renewable Development's proposal for a 470-MW solar park with energy storage