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Innergex Renewable Energy ( (TSE:INE) ) has issued an announcement.
Innergex Renewable Energy Inc. has achieved a significant milestone by securing the final tax equity investment for the Boswell Springs wind farm in Wyoming, which began full commercial operations at the end of 2024. This US$338.3 million investment has been used to repay the tax equity bridge loan and facilitated the repayment and term-conversion of the construction loan, thereby strengthening the company’s capital structure and ensuring long-term financial stability for the facility.
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. With operations in Canada, the United States, France, and Chile, the company manages a portfolio of high-quality assets including 90 operating facilities with a net installed capacity of 3,708 MW. Innergex focuses on generating sustainable cash flows and providing attractive risk-adjusted returns on invested capital.
YTD Price Performance: -7.80%
Average Trading Volume: 576,736
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.51B
For an in-depth examination of INE stock, go to TipRanks’ Stock Analysis page.
