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The latest announcement is out from Innergex Renewable Energy ( (TSE:INE) ).
Innergex Renewable Energy Inc. has announced the commercial operation of its Hale Kuawehi Solar and Battery Storage Project in Hawaii, which combines 30 MW of solar photovoltaic capacity with 30 MW/120 MWh of battery storage. This project, which sells electricity under a 25-year agreement with Hawaii Electric Light Company, marks a significant step in Hawaii’s transition to a carbon-free electric system and underscores Innergex’s dedication to sustainable energy solutions.
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 portfolio of 91 operating facilities with a net installed capacity of 3,737 MW. Innergex is committed to generating power from renewable sources to promote healthier communities and shared prosperity.
YTD Price Performance: 67.70%
Average Trading Volume: 1,229,658
Technical Sentiment Signal: Sell
Current Market Cap: C$2.75B
For detailed information about INE stock, go to TipRanks’ Stock Analysis page.