Innergex Renewable Energy inks funding deal for hydroelectric projects
Innergex Renewable Energy Inc (TSX: INE) has raised $491.6 million in construction and term project financing for the Boulder Creek and Upper Lillooet River run-of-river hydroelectric projects located in British Columbia. The loan providers included The Manufacturers Life Insurance Co, the Caisse de dépôt et placement du Québec and The Canada Life Assurance Co. The projects are being developed by Creek Power Inc, a joint venture between Innergex and Ledcor Power Group Ltd. Based in Longueuil, Québec, Innergex is a renewable power producer. It has been backed in recent years by the Caisse de dépôt's private equity group.
18 March 2015•4 mins read
