Innergex completes acquisition of 332 MW Chilean wind portfolio

Innergex Renewable Energy Inc has acquired the 100% of the ordinary shares of Aela Generación S.A. and Aela Energía SpA, which includes a 332 MW portfolio of three newly-built and operating wind assets in Chile. The transaction is valued at US$686 million. 

The Aela’s portfolio comprises three wind farms: (1) the 170 MW Sarco wind farm, (2) the 129 MW Aurora wind farm, and (3) the 33 MW Cuel wind farm. The energy produced from the projects is contracted by two forms of power purchase agreements with 25 Chilean distribution companies, maturing at the end of 2036 and 2041, for an average remaining tenor of 16 years.