Innergex to acquire 60 MW solar portfolio in Ontario, Canada

Innergex Renewable Energy, a Canadian hydroelectric power firm, has agreed to buy Fengate Asset Management’s Sault Ste Marie solar portfolio. The Sault Ste Marie I, II, and III facilities are part of the 60 MW solar portfolio, which is situated in northwest Ontario.  It was sold for a consideration of C$50.2 million, along with the assumption of C$169.5 million of existing debt.

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