INGXF - Innergex agrees to acquire remaining 30.45% minority interest in its wind portfolio in France

• Innergex Renewable Energy ( OTCPK:INGXF ) to acquire the remaining 30.45% minority interest in its wind portfolio of 16 assets in France, of which Innergex currently owns the majority interests, for a total consideration of C$96.4M.
• The move to increase Innergex's net installed capacity by 98.7 MW in France, and is a new milestone to unlock the full value of our portfolio in France in the context of rising energy prices.
• Upon closure, Innergex will have 100% ownership of these assets.
• The assets on a consolidated basis are expected to generate annual revenues of ~€75.8M (C$100.0M) in 2023.
• The addition will be financed mainly from Innergex's revolving credit facilities, the cash held in the portfolio's special purpose vehicles, and through the potential partial monetization of the Euro/CAD foreign exchange forward contracts outstanding.

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