On February 6, 2019 Innergex Renewable Energy (TSX: INE) announced that Hydro-Quebec (HQ), a crown corporation of the province of Quebec, was investing $661 million into INE at a share price of $19.08. This equates to 34.6 million shares and a 19.9% ownership in INE. In parallel, INE and HQ announced a strategic 50/50 joint venture (JV). The JV will develop new energy assets globally, which is consistent with INE’s recent expansion into Europe, Latin America, and the U.S.
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By William Mitchell
