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Innergex Renewable Energy Inc (INE.TO)

INE.TO on Toronto Stock Exchange

16.01CAD
21 Oct 2019
Change (% chg)

$0.14 (+0.88%)
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$15.87
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Volume
40,678
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Latest Key Developments (Source: Significant Developments)

Innergex Renewable Energy Completes $570 Mln Long-Term Financing
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX COMPLETES $570 MILLION LONG-TERM FINANCING OF FOUR CARTIER WIND FARMS.INNERGEX RENEWABLE ENERGY INC - PROCEEDS USED TO REPAY EXISTING $94.1 MILLION PROJECT FINANCING ON THREE WIND FARMS.INNERGEX RENEWABLE ENERGY INC - PROCEEDS ALSO USED TO REPAY $400 MILLION ONE-YEAR SECURED BRIDGE LOAN OBTAINED ON OCTOBER 24, 2018.INNERGEX RENEWABLE ENERGY INC - BALANCE OF PROCEEDS OF $69.0 MILLION APPLIED TOWARDS DELEVERAGING CORPORATE CREDIT FACILITIES.INNERGEX RENEWABLE ENERGY INC - CARTIER CREDIT FACILITY HAS A TERM OF 14 YEARS..INNERGEX RENEWABLE ENERGY INC - INNERGEX HAS HEDGED 100% OF INTEREST RATE WITH LENDERS FOR DURATION OF CARTIER CREDIT FACILITY.INNERGEX RENEWABLE ENERGY INC - ALL-IN INTEREST RATE FOR LOAN IS FIXED AT AROUND 4.33% FOR 14 YEARS..INNERGEX RENEWABLE ENERGY - BAIE-DES-SABLES WIND FARM ISN'T INCLUDED TO SECURE CARTIER CREDIT FACILITY AS IT SECURES CORPORATE REVOLVING CREDIT FACILITIES.INNERGEX RENEWABLE ENERGY - AMENDED, RESTATED ITS CORPORATE FACILITIES TO ADJUST SECURITY PACKAGE AND EXTEND MATURITY DATE FROM DEC 2022 TO DEC 2023.  Full Article

Innergex Grows And Becomes Sole Owner And Operator Of The Five Cartier Wind Farms
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX GROWS AND BECOMES SOLE OWNER AND OPERATOR OF THE FIVE CARTIER WIND FARMS THROUGH THE ACQUISITION OF ITS PARTNER'S INTEREST.INNERGEX - OBTAINED COMMITMENTS FROM TWO LEADING CANADIAN BANKS, BMO CAPITAL MARKETS AND TD SECURITIES, TO BACKSTOP ITS EXISTING CREDIT FACILITIES.ALSO SIGNED A FINAL AGREEMENT TO ACQUIREWELL AS ITS 50% INTEREST IN OPERATING ENTITIES OF CARTIER WIND FARMS.DEAL FOR TOTAL CONSIDERATION OF APPROXIMATELY $630 MILLION.  Full Article

Innergex Acquires Large-Scale Solar Project In The United States
Tuesday, 3 Jul 2018 

July 2 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX ACQUIRES LARGE-SCALE SOLAR PROJECT IN THE UNITED STATES.12-YEAR POWER PURCHASE AGREEMENT IN PLACE WITH SHELL ENERGY NORTH AMERICA.ACQUISITION OF 250MW(AC)/315 MW(DC) PHOTOVOLTAIC SOLAR PROJECT IN WINKLER COUNTY, TX, US FROM LONGROAD ENERGY PARTNERS.FULL NOTICE TO PROCEED WITH CONSTRUCTION OF 250 MW(AC)/315 MW(DC) SOLAR PROJECT ISSUED TODAY.TOTAL CONSTRUCTION COST ESTIMATED AT US$397 MILLION (C$524 MILLION).  Full Article

Innergex Announces $150 Million Convertible Debenture Offering
Thursday, 24 May 2018 

May 23 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX ANNOUNCES $150 MILLION CONVERTIBLE DEBENTURE OFFERING.  Full Article

Innergex Enters The South American Renewable Energy Market By Acquiring Two Hydro Facilities
Tuesday, 15 May 2018 

Innergex Renewable Energy Inc ::INNERGEX ENTERS THE SOUTH AMERICAN RENEWABLE ENERGY MARKET BY ACQUIRING TWO HYDRO FACILITIES.INNERGEX RENEWABLE ENERGY INC - SELECTED IN BID PROCESS TO ACQUIRE IN PARTNERSHIP DUQUECO HYDRO PROJECT.INNERGEX RENEWABLE ENERGY INC - TOTAL ENTERPRISE VALUE ACQUIRED, NET OF CASH, OF US$210 MILLION.INNERGEX RENEWABLE ENERGY INC - TRANSACTION TO BE PARTLY FINANCED BY ITAÚ.INNERGEX RENEWABLE ENERGY - SIGNED EXCLUSIVITY AGREEMENT WITH ENERGÍA LLAIMA FOR A JOINT VENTURE PARTNERSHIP TO ACQUIRE A 50% STAKE IN COMPANY.INNERGEX RENEWABLE ENERGY INC - INNERGEX WOULD OWN 50% OF ENERGÍA LLAIMA FOR $110 MILLION TO BE INVESTED IN NEXT 3 YEARS.INNERGEX RENEWABLE ENERGY - ON SIGNING FINAL PARTNERSHIP AGREEMENT CO WOULD OWN 50% OF ENERGÍA LLAIMA FOR TOTAL $110 MILLION TO BE INVESTED IN NEXT 3 YRS.  Full Article

Innergex renews electricity purchase agreement for Brown Lake hydro facility for 40 years
Monday, 16 Apr 2018 

April 16 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX RENEWABLE ENERGY - ELECTRICITY PURCHASE AGREEMENT OF BROWN LAKE HYDRO FACILITY HAS BEEN RENEWED FOR A 40-YEAR TERM WITH BC HYDRO.  Full Article

Innergex And Cayoose Creek Band Renew Electricity Purchase Agreement
Monday, 16 Apr 2018 

April 16 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX AND CAYOOSE CREEK BAND RENEW ELECTRICITY PURCHASE AGREEMENT FOR WALDEN NORTH FOR 40 YEARS.INNERGEX RENEWABLE ENERGY INC - RENEWED EPA IS EFFECTIVE AS OF APRIL 1, 2018 AND HAS A 40-YEAR TERM.  Full Article

Innergex qtrly ‍shr $0.04​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Innergex Renewable Energy Inc ::Innergex reports its third quarter 2017 results.Q3 revenue C$108.2 million versus I/B/E/S view C$119.2 million.Says qtrly ‍shr $0.04​.Q3 earnings per share view C$0.15 -- Thomson Reuters I/B/E/S.  Full Article

Innergex increases and extends its credit facility
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Innergex Renewable Energy Inc ::Innergex increases and extends its credit facility.Revolving credit facilities, led by TD Securities and BMO Capital Markets, were increased by $50 million​.Credit facilities now stand at $475 million, supported by 13 unencumbered operating assets​.Also extended maturity of its revolving facilities from December 2021 to December 2022​.  Full Article