Market Herald logo


Be the first with the news that moves the market
  • Innergex (INE) and MMBC’s joint wind project was selected in Quebec’s RFP for a 1,000 MW wind energy addition
  • Project expected to have up to 150 MW capacity, located in Gaspésie region
  • Joint venture combines Innergex’s experience with MMBC’s understanding of local communities
  • Project to create jobs, generate economic benefits, support clean energy transition, and highlight Indigenous collaboration.
  • Innergex Renewable Energy (INE) is down 2.05 per cent, trading at C$14.79 at 2:47 pm EDT

Innergex Renewable Energy (INE) has been selected in the Request for Proposals (RFP) process by the Government of Quebec.

Innergex and the Mi’gmawei Mawiomi Business Corporation (MMBC) will work on this joint wind energy project.

The project will be on public lands in the Gaspésie region of Quebec and will have a total capacity of up to 150 megawatts (MW).

The wind energy project is expected to contribute to Quebec’s goal of generating 50 per cent of its electricity from renewable sources by 2030.

Moving on to the next phase, permits and approvals will need to be obtained as well as environmental studies.

Innergex and MMBC will also work with Hydro-Quebec, the provincial utility, to finalize the terms of the power purchase agreement.

Innergex hopes to increase its renewable energy capacity and expand its presence in Quebec, where it already has wind and hydroelectric projects.

As for MMBC, the project represents an opportunity to create economic opportunities for the Mi’gmaq communities in the region.

Innergex Renewable Energy (INE) is down 2.05 per cent, trading at C$14.79 at 2:47 pm EDT.

More From The Market Herald
Neuralink - Founder, Elon Musk.

" Neuralink brain chips approved for human trials

Elon Musk’s Neuralink, a brain implant firm, has received regulatory approval for U.S. human trials.

" @ the Bell: TSX snaps three-day losing skid

After a series of sessions in the red, Canada’s main stock index closed out Friday trading in the green as commodity prices nudged

" Marvell stock spikes 30 per cent on Q1 news  

Marvell Technology (NASDAQ:MRVL) shares rose more than 30 per cent Friday.