Mr. Michel Letellier reports

INNERGEX REACHES A KEY MILESTONE FOR TWO SOLAR PROJECTS IN FRANCE

Innergex Renewable Energy Inc. has selected two solar projects totalling 32 megawatts in the municipality of Joux-la-Ville. These two projects are part of the Grenier des Essences portfolio and were submitted as part of the Energy Regulatory Commission call for tenders in France. These agrivoltaic projects are the first developed by Innergex in France and mark an important milestone for Innergex in the French solar market.

Developed in collaboration with local elected officials and a collective of farmers committed to the energy transition, these projects highlight the added value of collaboration between the agricultural and renewable energy sectors. In addition to generating solar power, the project includes an agricultural reconversion initiative aimed at fostering the growth of aromatic and medicinal plants, contributing to a more diverse and higher-value agricultural sector.

"We are proud to achieve this key milestone with our first solar projects in France," said Michel Letellier, president and chief executive officer of Innergex. "The Grenier des Essences portfolio perfectly illustrates our commitment to integrating our projects into local realities and closely collaborating with communities to create a sustainable energy future. By joining forces with farmers and local officials, we are showing how renewable energy production can drive more resilient and innovative agricultural practices in these regions. These projects represent a significant step forward for Innergex in France and a promising model for the future of our development activities."

The electricity generated by the two projects will be sold under a 20-year power purchase agreement upon their commissioning expected in 2027.

The projects are subject to contract execution, and must complete permitting processes and meet regulatory requirements.

About Innergex Renewable Energy Inc.

For 35 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. 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 90 operating facilities with an aggregate net installed capacity of 3,707 megawatts (gross 4,663 MW), including 42 hydroelectric facilities, 36 wind facilities, nine solar facilities and three battery energy storage facilities. Innergex also holds interests in 17 projects under development with a net installed capacity of 945 MW (gross 1,577 MW), six of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totalling 10,288 MW. 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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