Caisse-backed Innergex buys stakes in B.C. hydro facilities

Innergex Renewable Energy Inc (TSX: INE) has acquired Ledcor Power Group Ltd’s 33.3 percent interest in Creek Power Inc, which holds three hydro facilities located in British Columbia. No financial terms were disclosed. The facilities are Fitzsimmons Creek, Boulder Creek and Upper Lillooet River. Innergex already owned 67.7 percent of Creek Power as well as all the preferred equity for an amount of $98.4 million. Based in Longueuil, Québec, Innergex is a developer, acquirer and operator of hydroelectric facilities, wind farms, solar farms, and geothermal power plants. It is backed by Caisse de dépôt et placement du Québec.

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