LONGUEUIL, Que.—Innergex Renewable Energy Inc. is continuing to grow its French wind power portfolio with the acquisition of a controlling 69.5 per cent stake in a pair of wind farms in the country’s southwest Nouvelle-Aquitaine region.
Purchased alongside Régime de rentes du Mouvement Desjardins, which will own the remain 30.5 per cent interest in the projects, Innergex expects the deal to close by the of the year.
“Earlier this year we completed our first European acquisition, and today we continue to strengthen our French presence with new and quality assets” Michel Letellier, the company’s CEO, said in a statement.
The two project incorporate 12 Vestas V100 turbines, giving them an overall output capacity of 24 megawatts. All the electricity produced at the farms will be sold to French energy giant EDF under 15-year power purchase agreements.
The Quebec-based company said both wind sites are currently under construction, with commissioning expected by the end of the year.