Innergex Renewable Energy Inc. achieved commercial operation at the 44.5-MW Rougemont-2 wind power plant in Bourgogne-Franche-Comté, France, on time and on budget.
Innergex owns a 69.55% stake in the facility, while Desjardins Group Pension Plan owns the remaining 30.45%. With the completion of Rougemont-2, Innergex now has 317 MW of operational capacity in France, according to a Dec. 14 press release.
"We will continue to vigorously pursue development and acquisition opportunities and leverage our upcoming acquisition of Alterra Power Corp. to help grow our already impressive portfolio of assets," said Michel Letellier, president and CEO of Innergex.
The wind farm is expected to generate C$12.4 million in revenues and C$9.6 million in adjusted EBITDA in its first full year of operation. The project holds a 15-year power purchase agreement with Electricité de France SA.