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The latest announcement is out from Innergex Renewable Energy ( (TSE:INE) ).
Innergex Renewable Energy Inc. has reached a significant milestone with the selection of two solar projects totaling 32 MW in Joux-la-Ville, France. These agrivoltaic projects, part of the Grenier des Essences portfolio, are Innergex’s first solar initiatives in France and highlight a collaborative effort with local farmers and officials. The projects aim to integrate renewable energy production with agricultural reconversion, promoting the growth of aromatic and medicinal plants. The electricity generated will be sold under a 20-year power purchase agreement, marking a promising step for Innergex’s future development activities in France.
More about Innergex Renewable Energy
Innergex Renewable Energy Inc. is an independent renewable power producer that develops, acquires, owns, and operates hydroelectric facilities, wind farms, solar farms, and energy storage facilities. The company operates in Canada, the United States, France, and Chile, managing a large portfolio of high-quality assets with an aggregate net installed capacity of 3,707 MW. Innergex is committed to generating power from renewable sources to promote healthier communities and create shared prosperity.
YTD Price Performance: 69.12%
Average Trading Volume: 1,250,147
Technical Sentiment Signal: Sell
Current Market Cap: C$2.75B
For an in-depth examination of INE stock, go to TipRanks’ Stock Analysis page.