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Innergex partners with French developer on new wind projects

Innergex Renewable Energy Inc. signed an agreement to co-develop wind projects with French company Vent d'Est.

Under the agreement, Innergex will contribute to the development of projects and acquire 50% when they have reached certain milestones. Innergex will also have the option to acquire 100% of the projects when they reach the construction phase.

"France is an important market for Innergex and this agreement will allow us to accelerate our growth," Innergex Chief Investment and Development Officer Jean Trudel said in an Oct. 16 statement.