INNERGEX RENEWABLE ENERGY INC.
Innergex announces commercial operation of Les Renardières wind farm in France

Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce the commissioning on November 18, 2017 of the Les Renardières (21.0 MW) wind farm located in Champagne-Ardenne, France. Construction was already under way at the time of the acquisition on August 25, 2017. Innergex has a 69.55% interest in the wind farm and Desjardins Group Pension Plan owns the remaining 30.45%.  

"Our presence in France continues to grow with this commissioning. Since our first foothold on the continent in April 2016, we have made significant leaps as an experienced renewable energy player and will continue to meticulously pursue future opportunities. Our upcoming acquisition of Alterra Power Corp. will allow us to pursue our growth, extend our geographical presence, diversify our energy sources and solidify our status as a leading renewable energy corporation," said Michel Letellier, President and Chief Executive Officer of Innergex.

Les Renardières' average annual production is estimated to reach 52,427 MWh, enough to power approximately 11,200 French households. In its first full year of operation, the wind farm is expected to generate revenues and Adjusted EBITDA of approximately 4.4 million (or C$6.4 million) and 3.6 million (or C$5.3 million), respectively. All the electricity produced by Les Renardières is sold to Electricité de France (EDF) under an initial 15-year power purchase agreement (PPA) at fixed price of which a portion is adjusted according to inflation indexes.

About Desjardins Group Pension Plan
The mission of the Desjardins Group Pension Plan, acting through its Retirement Committee, is to provide a defined benefit pension plan to more than 60,000 beneficiaries. With more than $12 billion in net assets under management, it is one of the largest private pension plan in Canada. As at the end of December 2016, the equity value of Desjardins Group Pension Plan's infrastructure portfolio was close to $1.5 billion. About half of its investments are in the renewable energy infrastructure sector with interests in 43 operating facilities and an aggregate installed capacity of 2,345 MW, including 9 hydroelectric facilities, 25 wind farms and 9 solar farms.

About Innergex Renewable Energy Inc.
The Corporation develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms and carries out its operations in Quebec, Ontario and British Columbia, Canada, France and Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 53 operating facilities with an aggregate net installed capacity of 1,093 MW (gross 1,801 MW), including 31 hydroelectric facilities, 21 wind farms and one solar farm; (ii) interests in one project under construction with a net installed capacity of 30.9 MW (gross 44.5 MW), for which a power purchase agreement has been secured; and (iii) prospective projects with an aggregate net capacity totalling 3,560 MW (gross 3,940 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P. The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities that generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.

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