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Recently, Innergex Renewable Energy and Energía Llaima are collaborating to acquire a 140MW Duqueco hydropower project
in Chile.
The two companies won the bidding process to purchase the project, which included two hydroelectric facilities
.
The transaction is subject to certain regulatory approvals in Chile and a definitive cooperation agreement
between the parties.
In addition, Innergex signed an exclusive agreement with Energía Llaima to acquire 50% of the company's shares
in a joint venture partnership.
Michel Letellier, President and CEO of Innergex, said: "We are excited to finally enter the Chilean market through the acquisition of hydropower assets, where we can leverage our extensive experience and expertise
.
Through this partnership, we intend to pursue a growth trajectory in this market and expand our development platform throughout South America, with a focus on high-quality renewable energy projects
.
”
Mr.
Ian Nelson, CEO of Energía Llaima, said: "We are very pleased to welcome Innergex as a partner of Energía Llaima and the acquisition of two strong hydropower assets
.
We are a growing company with high-quality projects in our operations and development, and we intend to become a greater player
in the Chilean industry and throughout South America.
We look forward to having Innergex's extensive experience and diverse expertise to help us access many growth opportunities
.
" ”
:/, please indicate the source for reprinting)
Recently, Innergex Renewable Energy and Energía Llaima are collaborating to acquire a 140MW Duqueco hydropower project
in Chile.
The two companies won the bidding process to purchase the project, which included two hydroelectric facilities
.
The transaction is subject to certain regulatory approvals in Chile and a definitive cooperation agreement
between the parties.
In addition, Innergex signed an exclusive agreement with Energía Llaima to acquire 50% of the company's shares
in a joint venture partnership.
Michel Letellier, President and CEO of Innergex, said: "We are excited to finally enter the Chilean market through the acquisition of hydropower assets, where we can leverage our extensive experience and expertise
.
Through this partnership, we intend to pursue a growth trajectory in this market and expand our development platform throughout South America, with a focus on high-quality renewable energy projects
.
”
Mr.
Ian Nelson, CEO of Energía Llaima, said: "We are very pleased to welcome Innergex as a partner of Energía Llaima and the acquisition of two strong hydropower assets
.
We are a growing company with high-quality projects in our operations and development, and we intend to become a greater player
in the Chilean industry and throughout South America.
We look forward to having Innergex's extensive experience and diverse expertise to help us access many growth opportunities
.
" ”
:/, please indicate the source for reprinting)
/
