LONGUEUIL,
QC, March 21, 2024 /CNW/ - Innergex Renewable
Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") provides
today an update on its Dividend Reinvestment Plan (the
''Plan'').
Under the Plan, Innergex has the discretion to
either purchase the additional common shares in the open market or
issue them from treasury. For the April 15,
2024 dividend and for future dividends declared until
further notice, Innergex has decided to purchase common shares in
the secondary market at the average price (excluding any brokerage
commissions, fees and service charges) per common share paid by the
agent for all common shares acquired in respect of an investment
period being the Market Purchase Price (as defined in the
Plan).
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, which led to Innergex
being recognized as Canada's best
corporate citizen in 2023 by Corporate Knights. 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 87 operating facilities with an aggregate net installed capacity
of 3,600 MW (gross 4,234 MW) and an energy storage capacity of 409
MWh, including 41 hydroelectric facilities, 35 wind facilities, 9
solar facilities and 2 battery energy storage facilities. Innergex
also holds interests in 10 projects under development with a net
installed capacity of 728 MW (gross 826 MW) and an energy storage
capacity of 295 MWh, 4 of which are under construction, as well as
prospective projects at different stages of development with an
aggregate gross installed capacity totaling 10,071 MW. Its approach
to building shareholder value is to generate sustainable cash flows
and provide an attractive risk-adjusted return on invested
capital.
To learn more, visit innergex.com or
connect with us on LinkedIn.
SOURCE Innergex Renewable Energy Inc.