Innergex Announces the Acquisition of a 50.6 MW Solar Farm in Chile
Published on: Friday 28 January 2022
Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces the acquisition of the 50.6 MW San Andrés solar farm located in the Atacama desert in Northern Chile for a total purchase price of US$25.7 million (CAN$32.7 million), net of cash. The facility, which operates on a merchant basis, has a contract to sell Non-Conventional Renewable Energy ("NCRE") credits linked to its electricity generation to a major energy producer established in Chile until 2034.