• Three wind projects co-developed with Indigenous partners representing a combined gross capacity of 560 MW
• Solidifies Innergex’s position as the leading independent power producer in British Columbia
• These projects underscore Innergex’s commitment to advancing renewable energy growth in British Columbia, while supporting local and Indigenous communities
• Innergex acknowledges and values the trust its Indigenous partners have placed in the Corporation by selecting it as their partner

Innergex Renewable Energy announces that three of its wind projects, co-developed with Indigenous partners, have been selected in BC Hydro's most recent Request for Proposals (RFP) for new renewable energy generation. Representing a combined gross capacity of 560 MW, this achievement highlights Innergex's leadership in Canada and in British Columbia, and its expertise in developing renewable energy projects in partnership with Indigenous communities that bring significant economic and environmental benefits to local communities.

“We are proud that all three of our projects selected in BC Hydro’s RFP are built on strong partnerships with Indigenous communities, and we are looking forward to collaborating closely with BC Hydro and our partners to bring these projects to fruition,” said Michel Letellier, President and Chief Executive Officer of Innergex. 

“Together with our partners, we aim to create projects that not only generate clean enrgy, but also provide lasting and meaningful benefits to Indigenous communities. This milestone underscores the strength of our development portfolio, our commitment to delivering competitive renewable energy projects, and our dedication to advancing British Columbia’s energy transition. Expanding our Canadian wind portfolio through these projects adds incremental diversification benefits and demonstrates our commitment to disciplined growth and creating value for all stakeholders.’’

The Selected Projects:

• K2 Wind Project: The 160 MW K2 Wind Project is situated in the Central Interior of B.C., 33 km west of Peachland/Westbank. This project is a collaboration between Westbank First Nation (51% equity) and Innergex (49%).
• Nithi Mountain Wind Project: Located in the Bulkley-Nechako region of Northern B.C., the 200 MW Nithi Mountain Wind Project is developed in partnership with Stellat’en First Nation (51% equity) and Innergex (49%).
• Stewart Creek Wind Project: In partnership with the West Moberly First Nations (51% equity), this 200 MW wind energy project in the Peace Region of Northeastern B.C. is co-developed with Innergex (49%).
• Scheduled for commercial operations between 2030-2031, the power purchase agreements with BC Hydro (S&P credit rating: AA-) are expected to be structured as a 30-year take-or-pay contract, indexed to a predefined percentage of the Consumer Price Index ("CPI").

The projects are subject to the execution of contracts with BC Hydro and suppliers, and to the successful completion of permit application processes and regulatory requirements.

KeyFacts Energy: Innergex Canada country profile