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Innergex Completes the Acquisiton of Seven Wind Power Projects in France

Longuell, Canada - Canadian renewable power producer Innergex Renewable Energy Inc. has completed the previously announced acquisition of seven operating wind power projects located in France, from German company wpd europe GmbH.

Concurrently with the closing, long-term derivative financial instruments were entered into to cover the foreign exchange risk on a portion of the distributions expected to be repatriated from France from these acquired assets, over the next 25 years.

The seven wind farms are located in the north and center of France. The aggregated installed capacity of all seven farms is 86.8 MW and the annual long-term average level of electricity production is expected to reach 169,400 MWh. All the electricity produced is sold under power purchase agreements (



Source: IWR Online, Apr 04 2016