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Innergex Renewable Energy has announced that an agreement has been signed for the co-development of wind projects in France with Vent d'Est. Vent d’Est is a family-owned business developing wind projects since 2005.
Innergex and Vent d’Est will work together to seek new development opportunities on projects mainly in eastern France. The market conditions in this region favour the development of renewable energy projects. According to the agreement, Innergex will contribute to the development of projects and acquire 50% when they have reached certain milestones. The agreement also provides for Innergex to acquire 100% of the projects when they reach the construction phase.
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