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Innergex Renewable Energy Inc (INE.TO)

INE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Innergex Renewable Energy ::INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP..INNERGEX RENEWABLE ENERGY INC - DEAL FOR ‍$1.1 BILLION​.INNERGEX - ‍ALTERRA SHAREHOLDERS TO RECEIVE $8.25 PER ALTERRA COMMON SHARE, PAYABLE IN $2.06 CASH AND 0.4172 OF A COMMON SHARE OF INNERGEX​.INNERGEX RENEWABLE ENERGY - DEAL TO BE ACCRETIVE TO CO'S DISTRIBUTABLE CASH FLOW/SHARE UPON COMPLETION OF ALTERRA'S PROJECTS CURRENTLY UNDER CONSTRUCTION​.INNERGEX - DEAL ‍PROVIDES FOR NON-SOLICITATION COVENANTS ON PART OF ALTERRA, RIGHT IN FAVOUR OF CO TO MATCH UNSOLICITED SUPERIOR PROPOSAL​.INNERGEX RENEWABLE ENERGY INC - ‍PURSUANT TO DEAL, ALTERRA SHAREHOLDERS TO GET CONSIDERATION CONSISTING ABOUT 25% CASH, 75% COMMON SHARES OF INNERGEX​.INNERGEX RENEWABLE ENERGY - ‍ONE MEMBER OF CURRENT BOARD OF DIRECTORS OF ALTERRA WILL JOIN BOARD OF DIRECTORS OF INNERGEX UPON CLOSING OF TRANSACTION​.INNERGEX- CO TO RECEIVE TERMINATION FEE OF ABOUT $18 MILLION FROM ALTERRA IN EVENT OF TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES.INNERGEX RENEWABLE ENERGY - DEAL TO BE FULLY FUNDED AND SUPPORTED BY A NEW SUBORDINATED UNSECURED LOAN FROM CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC​.INNERGEX - CO TO BUY ALL ISSUED, OUTSTANDING COMMON SHARES OF ALTERRA FOR AGGREGATE CONSIDERATION OF $1.1 BILLION, INCLUDING ASSUMPTION OF ALTERRA'S DEBT​.  Full Article

Innergex reports Q2 earnings per share of C$0.19
Thursday, 4 Aug 2016 

Innergex Renewable Energy Inc : Innergex Reports Second Quarter And Half Year 2016 results . Q2 revenue C$87.8 million versus C$70.2 million . Q2 earnings per share C$0.19 .Q2 earnings per share view C$0.22 -- Thomson Reuters I/B/E/S.  Full Article

Innergex Q1 earnings per share C$0.07
Tuesday, 10 May 2016 

Innergex Renewable Energy Inc : Innergex reports first quarter 2016 results . Q1 revenue rose 8 percent to C$62.5 million . Q1 earnings per share C$0.07 . Q1 earnings per share view C$-0.04 -- Thomson Reuters I/B/E/S .Facilities produced 664 GWH of electricity or 119% of LTA of 557 GWH in quarter.  Full Article

Innergex Renewable Energy Inc announces acquisition of eight wind power projects in France and a private placement of $50 mln
Monday, 21 Mar 2016 

Innergex Renewable Energy Inc:Exclusive agreement with french firm Société Environnement Minéraux Sarl, consulting firm Drc Sarl.Expects to complete acquisition of project under construction during Q1 of 2017.Innergex renewable energy inc says purchase price of eur 93 million (equivalent to c$137 m ) will be financed in part by a private placement of $50 million.Innergex announces the acquisition of eight wind power projects in france and a private placement of $50 mln.Acquisition of 7 operating wind power projects with an installed capacity of 87 mw.Says purchase price for eight wind power projects will be approximately eur 93 mln (equivalent to c$137 m ).Innergex expects to complete acquisition of seven operating projects by April 30, 2016.Non-Recourse debt related to 8 projects, which will total eur 121 mln in 2017 (equivalent to c$178 mln ), will remain at acquired project level.Expecting annualized revenues in order of c$35 million and an adjusted EBITDA in order of c$28 million for 131 mw portfolio.Agreement with S.E.M,Drc Sarl to develop portfolio of wind power projects in France totalling over 100 mw.  Full Article

Innergex Renewable Energy Inc announces acquisition of Walden Hydroelectric Project
Wednesday, 16 Dec 2015 

Innergex Renewable Energy Inc:Entered into an agreement for the joint acquisition of the Walden North Hydroelectric project near Lillooet, British Columbia.Closing of the acquisition is subject to customary conditions, and set to be completed within the first quarter of 2016.  Full Article

BRIEF-Innergex qtrly ‍shr $0.04​

* Q3 revenue C$108.2 million versus I/B/E/S view C$119.2 million