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Innergex Updates on the Application for a Temporary Injuction Related to the February 2021 Texas Events

Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") reports that the District Court of Harris County, Texas denied the temporary injunction application made on April 21, 2021, directing the counterparty to the power hedges for each of the Flat Top wind facility in Mills County and the Shannon wind facility in Clay County (together, the "Projects") to suspend all remedies, including foreclosure, against the Projects, arising from an alleged default of payment that was formally disputed by the Projects, following unprecedented extreme weather conditions and related electricity market failure that paralyzed the State of Texas in February 2021 (unofficially referred to as Winter Storm Uri). Innergex owns 51% of the sponsor equity in the Flat Top facility and 50% of the sponsor equity in the Shannon facility. ....

The Corporation , Innergex Renewable Energy , Innergex Renewable Energy Inc , District Court Of Harris County , Forward Looking , தி நிறுவனம் ,

Innergex comments on weather events in Texas

17, 2021 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") reports that the recent and ongoing unprecedented extreme winter weather conditions in Texas are having an impact on its ability to produce electricity at its Flat Top wind facility in Mills County, which is expected to resume to normal operations by the week-end. ....

Financial Impact , Weather Conditions , The Corporation , Power Generation , Prospective Projects , Innergex Renewable Energy Inc , நிதி தாக்கம் , வானிலை நிபந்தனைகள் , தி நிறுவனம் , பவர் ஜெநரேஶந் , ப்ரோஸ்பெக்டிவ் ப்ராஜெக்ட்ஸ் ,