Mr. Michel Letellier reports

INNERGEX AWARDED 350 GWH PER YEAR IN CODELCO'S REQUEST FOR PROPOSALS, SOLIDIFYING ITS POSITION AS LEADER IN CHILE

Innergex Renewable Energy Inc. has been awarded 350 GWh (gigawatt-hours) per year in Codelco's latest request for proposals in Chile, reaffirming its status as a leading renewable energy provider in the country. Under the terms of the agreement, Innergex will supply Codelco with clean energy produced by its portfolio of assets and projects under development from 2026 to 2040.

"Securing a large-scale power purchase agreement like this one underscores Innergex's reputation as a leading provider of sustainable energy solutions in Chile," said Michel Letellier, president and chief executive officer of Innergex. "With the robust and diversified portfolio we have diligently cultivated over the years, we are now well positioned to engage with premier offtakers, including the largest copper producer in the world. As the demand for clean energy continues to rise, Innergex remains dedicated to delivering innovative solutions that support sustainable development and contribute to greening the mining industry."

The long-term nature of the power purchase agreement further enhances the quality and resilience of Innergex's cash flows. By securing revenues for the equivalent of 135 MW (megawatts) of wind and solar capacity in Chile, this agreement directly contributes to the targeted growth of Innergex.

With 705 MW of installed capacity in Chile, including 50 MW of complementary battery storage, and approximately 620 MW of projects at different stages of development, Innergex develops, owns and operates one of the largest pure play renewable energy portfolios in the country. Its fully diversified portfolio of hydro, wind, solar and battery storage assets, strategically distributed across the country, provides reliable, 100 per cent clean energy solutions to support a growing supply demand for 24-7 renewable energy production.

About Innergex Renewable Energy Inc.

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizen in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile, and manages a large portfolio of high-quality assets currently consisting of interests in 87 operating facilities with an aggregate net installed capacity of 3,600 megawatts (gross 4,234 megawatts) and an energy storage capacity of 409 megawatt-hours, including 41 hydroelectric facilities, 35 wind facilities, nine solar facilities and two battery energy storage facilities. Innergex also holds interests in 10 projects under development with a net installed capacity of 728 megawatts (gross 826 megawatts) and an energy storage capacity of 295 megawatt-hours, four of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totalling 10,071 megawatts. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital.

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