Innergex Awarded 350 GWh per year in Codelco's Request for Proposals, Solidifying its Position as Leader in Chile
- Selection from
Chile's largest mining company, marking a pivotal moment inInnergex's trajectory by attracting interest from top-tier offtakers. - Secured revenues over a 15-year period, backed by our portfolio of multi-technology renewable projects and assets for a de-risked approach.
- The contract secures long-term stable revenues for the portfolio, extending overall contracted and cash flow profile while providing optionality to build additional capacity.
"Securing a large-scale power purchase agreement like this one underscores
The long-term nature of the power purchase agreement further enhances the quality and resilience of
With 705 MW of installed capacity in
For over 30 years,
To learn more, visit innergex.com or connect with us on LinkedIn.
Cautionary Statement Regarding Forward-Looking Information
To inform readers of the Corporation's future prospects, this press release contains forward-looking information within the meaning of applicable securities laws ("Forward-Looking Information"), including the Corporation's growth targets, power production, prospective projects, successful development, construction and financing of the projects under construction and the advanced-stage prospective projects, sources and impact of funding, and strategic, operational and financial benefits and accretion expected to result from such acquisitions, business strategy, future development and growth prospects business integration, governance, business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. Forward-Looking Information can generally be identified by the use of words such as "approximately", "may", "will", "could", "believes", "expects", "intends", "should", "would", "plans", "potential", "project", "anticipates", "estimates", "scheduled" or "forecasts", or other comparable terms that state that certain events will or will not occur. It represents the projections and expectations of the Corporation relating to future events or results as of the date of this press release.
Forward-Looking Information includes future-oriented financial information or financial outlook within the meaning of securities laws, including information regarding the Corporation's targeted production, the estimated targeted revenues, the estimated project size, costs and schedule, including obtainment of permits, start of construction, work conducted and start of commercial operation for Development Projects and Prospective Projects, the Corporation's intent to submit projects under Requests for Proposals, and other statements that are not historical facts. Such information is intended to inform readers of the potential financial impact of expected results, of the expected commissioning of Development Projects. Such information may not be appropriate for other purposes.
Forward-Looking Information is based on certain key assumptions made by the Corporation, including, without restriction, those concerning hydrology, wind regimes and solar irradiation; performance of operating facilities, acquisitions and commissioned projects; availability of capital resources and timely performance by third parties of contractual obligations; favourable economic and financial market conditions; average merchant spot prices consistent with external price curves and internal forecasts; no material changes in the assumed
For more information on the risks and uncertainties that may cause actual results or performance to be materially different from those expressed, implied or presented by the forward-looking information or on the principal assumptions used to derive this information, please refer to the "Forward-Looking Information" section of the Management's Discussion and Analysis for the year ended
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