The Desjardins Group Pension Plan has taken a 30.45% stake in Innergex Renewable Energy’s French wind farm portfolio, which totals 131MW.
Canadian company Innergex, which retains a 69.55% interest in the wind farms, acquired the projects in April.
The initial investment by Desjardins is $38.4m and will rise to approximately $50m when a project under construction is also acquired.
Innergex said the deal will allow it to “maximize the return after tax of the wind asset portfolio in France”.
Image: Innergex
