• The 102 MW Mesgi’g Ugju’s’n 2 wind facility in the MRC d’Avignon will be covered by a 30-year “takeor-pay” power purchase agreement indexed to inflation expected to be concluded with Hydro-Québec
• Second project led by a 50-50 partnership between the three Mi'gmaq communities in Quebec and
Innergex, following the success of the 150 MW Mesgi’g Ugju’s’n wind facility commissioned in 2016
• The partnership will bring economic benefits to the local communities through employment
opportunities and a social commitment fund
• Will benefit from good knowledge of the land and wind resource and maximize the use of existing
roads, facilities and interconnections, resulting in a minimized environmental impact
Innergex Renewable Energy Inc. (“Innergex” or the
“Corporation”) and Mi'gmawei Mawiomi Business Corporation (“MMBC”) are pleased to announce that
their 102 MW Mesgi’g Ugju’s’n 2 (“MU2”) wind project has been selected in Hydro-Québec’s request for
proposals. The project, which will be located in the MRC d'Avignon, is an extension to the existing 150 MW
Mesgi’g Ugju’s’n wind facility, and a result of a 50-50 partnership between Innergex and the three Mi'gmaq
communities in Quebec – Gesgapegiag, Gespeg and Listuguj – represented by MMBC. Its commissioning
is scheduled in 2026, and the power purchase agreement, to be concluded with Hydro-Québec (AA- rating
by S&P), is expected to be structured as a 30-year “take-or-pay” contract indexed to inflation.
“We are thrilled to continue our partnership with MMBC on this second wind project as we work very well
together and have excellent relationships with the local communities,” said Michel Letellier, President and
Chief Executive Officer of Innergex. “This project is a good example of Innergex’s responsible growth that
balances people, our planet and shared prosperity. The partnership will bring direct social and economic
benefits to the region, a feature which resulted in very positive reactions during public information
meetings held last year. In addition, since the project plans to maximize the use of existing roads, facilities
and interconnections of Mesgi’g Ugju’s’n, we expect the environmental impact to be minimized.”
“Our success in this request for proposals shows our determination to sustainably harness our natural
resources while supporting our communities with structuring projects, creating jobs, and allowing us to
diversify our sources of income,” said Frédéric Vicaire, Chief Executive Officer of MMBC. “The wind power
industry is aligned with our interest to contribute to the decarbonization effort that the entire planet must
undertake. We are proud to continue building our Nation while being a committed player in this effort. This
project will also generate significant benefits for our communities. As with the existing Mesgi'g Ugju's'n facility, MMBC will receive and manage half of the profits from this second phase for community
development projects.”
In addition, the project should provide an annual financial contribution and set up a social commitment
fund to support local development initiatives with local municipalities. The project will contribute to support
the wind industry supply chain in the Gaspé Peninsula and Quebec.
The construction of the Mesgi'g Ugju's'n 2 wind farm will involve the participation of local and regional
businesses. The construction alone will require the creation of approximately 200 jobs during its peak
period, while long-term, permanent and qualified jobs will also be created during operations.
Interconnection costs and collector system will be reimbursed by Hydro-Québec at the commissioning of
the facility. Project costs are estimated at approximately $277.4 million which are expected to be financed
with approximately 75% to 80% of long-term, non-recourse project debt and the remaining will be funded
by sponsor equity to be shared equally among the partners.
This project is subject to the execution of agreements with Hydro-Québec and contracts with suppliers,
as well as the successful completion of various permitting and regulatory requirements.
