Innergex Renewable Energy (TSE:INE) has released an update.
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Innergex Renewable Energy has entered into a strategic partnership with investment manager Irradiant, selling minority stakes in its Texas renewable energy assets for $188 million (CAN$257 million). This move aims to reduce risks associated with Innergex’s Texas operations, improve the company’s risk profile and optimize asset performance, while also strengthening its balance sheet. The proceeds will be used to repay project debts and improve corporate financials, with Innergex retaining operational control.
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