LONGUEUIL, QC, July 14, 2023 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") is pleased to announce the closing of a US$534 million (CAN$704 million) construction financing including a US$203 million (CAN$268 million) 10-year non-recourse term loan with BNP Paribas, Credit-Agricole CIB, Export Development Canada, and MUFG Bank, Ltd., acting as Joint Lead Arrangers, for the construction and operation of the 329.8 MW Boswell Springs Wind Project (the "Project") located in Wyoming, United States. Under the Inflation Reduction Act, the project is potentially eligible for up to 120% of Production Tax Credits ("PTCs"), which includes a 10% Energy Community PTC Bonus and a 10% Domestic Content PTC Bonus. The Project is eligible to benefit from the Energy Community Tax Credit PTC Bonus due to its location in an "energy community", as defined in the Inflation Reduction Act. The eligibility for the 10% Domestic Content PTC Bonus is currently being evaluated, which should further enhance the profitability of the project.Read more at newswire.ca
INNERGEX ACHIEVES CONSTRUCTION FINANCIAL CLOSE OF ITS BOSWELL SPRINGS WIND PROJECT
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