Innergex Completes the Acquisition of Two Wind Projects in Champagne-Ardenne, France

Cleantech Investing

Innergex Renewable Energy (TSX:INE) has announced the acquisition of two wind projects in Champagne-Ardenne, France. As quoted in the press release: The two projects are mechanically completed and should be commissioned in the third and fourth quarter of 2017. Innergex owns a 69.55% interest in the wind farms and Desjardins Group Pension Plan owns the …

Innergex Renewable Energy (TSX:INE) has announced the acquisition of two wind projects in Champagne-Ardenne, France.
As quoted in the press release:

The two projects are mechanically completed and should be commissioned in the third and fourth quarter of 2017. Innergex owns a 69.55% interest in the wind farms and Desjardins Group Pension Plan owns the remaining 30.45%.
About Desjardins Group Pension Plan
The mission of the Desjardins Group Pension Plan, acting through its Retirement Committee, is to provide a defined benefit pension plan to more than 60,000 beneficiaries. With $11.4 billion in net assets under management, it is the 7th largest private pension plan in Canada. As at the end of December 2016, the equity value of Desjardins Group Pension Plan’s infrastructure portfolio was close to $1.5 billion. About half of its investments are in the renewable energy infrastructure sector with interests in 43 operating facilities and an aggregate installed capacity of 2,345 MW, including 9 hydroelectric facilities, 25 wind farms and 9 solar farms.

Click here to read the full press release.

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