Innergex Renewable Energy (TSE:INE) has released an update.
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Innergex Renewable Energy has secured a $142 million bridge loan to advance its Hale Kuawehi solar and battery storage project in Hawaii, moving towards full commissioning in early 2025. This strategic financing will help reduce corporate leverage and ensure a steady revenue stream through a 25-year power purchase agreement with Hawaii Electric Light Company.
For further insights into TSE:INE stock, check out TipRanks’ Stock Analysis page.
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