Renewable energy.
Sustainable development.

Our mission is to increase our production of renewable energy by developing and operating high quality facilities while respecting the environment and balancing the best interests of the host communities, our partners, and our investors.

Innergex Renewable Energy Inc. is a leading Canadian independent renewable power producer. We develop, own, and operate run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms, with operations in Quebec, Ontario, British Columbia and Idaho, USA. Our management team has been involved in the renewable power industry since 1990.

Our growth is solidly rooted in a long-term vision and strict adherence to our mission and our values. Going forward, our time-tested approach will continue to guide us in achieving our vision of providing sustainable energy for a greener future.

Conscientious innovators who are respectful of their partners, the members of the Innergex team champion fundamental values that earn them the respect of their partners and the communities that host their projects.

Integrity

We are guided in our decisions by a set of clear principles which ensure that our values and actions are congruent. These principles are articulated in a series of policies.

Responsibility

We are accountable to our stakeholders for the economic, social, and environmental impacts of the sites we develop and operate, as well as the energy we produce.

We are also accountable for the successful implementation of our business plan and the achievement of our established objectives.

Transparency

We encourage and value open bidirectional communication with our stakeholders, and we strive to provide complete and accurate information on our activities and our performance that is easily accessible to the general public.

Collaboration

We build solid relationships with our external stakeholders, including First Nations and local communities, suppliers and service providers, as well as government and regulatory agencies – successful partnerships that form the foundation of our long-term success.

Internally, we promote a culture of teamwork and cooperation among our employees.

Innergex adheres to the following Key Principles in order to provide a solution to the energy challenges of both today and tomorrow, to protect the environment while optimizing the use of natural resources to produce electricity, and to earn and sustain its social acceptability.

1

We believe that people should have access to reliable, affordable, clean and renewable energy.

2

Climate change is real. We believe that renewable energy is part of the solution to climate change.

3

We believe in a level playing field for electricity procurement. We support carbon pricing or any other means of internalizing environmental and social costs in the price of electricity.

4

We believe in the protection of our environment and in the responsible development of natural resources. We support a comprehensive and efficient regulatory and planning framework.

5

We believe that social acceptance is the cornerstone of successful project development and that strong projects are built on long-term cooperation with stakeholders and by working in collaboration with First Nations and local communities.

6

We believe in long-term sustainable development that balances social, environmental, and economic considerations.

7

We believe in lasting relationships with our employees, our partners, and our external stakeholders built on respect, transparency, and integrity.

8

We believe that Innergex can effect change.

Innergex Renewable Energy Inc. is a leading Canadian independent renewable power producer. We develop, own, and operate run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms, with operations in Quebec, Ontario, British Columbia and Idaho, USA. Our management team has been involved in the renewable power industry since 1990.

Our growth is solidly rooted in a long-term vision and strict adherence to our mission and our values. Going forward, our time-tested approach will continue to guide us in achieving our vision of providing sustainable energy for a greener future.

Integrity

We are guided in our decisions by a set of clear principles which ensure that our values and actions are congruent. These principles are articulated in a series of policies.

Responsibility

We are accountable to our stakeholders for the economic, social, and environmental impacts of the sites we develop and operate, as well as the energy we produce.

We are also accountable for the successful implementation of our business plan and the achievement of our established objectives.

Transparency

We encourage and value open bidirectional communication with our stakeholders, and we strive to provide complete and accurate information on our activities and our performance that is easily accessible to the general public.

Collaboration

We build solid relationships with our external stakeholders, including First Nations and local communities, suppliers and service providers, as well as government and regulatory agencies – successful partnerships that form the foundation of our long-term success.

Internally, we promote a culture of teamwork and cooperation among our employees.

1

We believe that people should have access to reliable, affordable, clean and renewable energy.

2

Climate change is real. We believe that renewable energy is part of the solution to climate change.

3

We believe in a level playing field for electricity procurement. We support carbon pricing or any other means of internalizing environmental and social costs in the price of electricity.

4

We believe in the protection of our environment and in the responsible development of natural resources. We support a comprehensive and efficient regulatory and planning framework.

5

We believe that social acceptance is the cornerstone of successful project development and that strong projects are built on long-term cooperation with stakeholders and by working in collaboration with First Nations and local communities.

6

We believe in long-term sustainable development that balances social, environmental, and economic considerations.

7

We believe in lasting relationships with our employees, our partners, and our external stakeholders built on respect, transparency, and integrity.

8

We believe that Innergex can effect change.

Our management

Michel Letellier MBA President and Chief Executive Officer

Michel Letellier first joined Innergex in 1997 as Vice President – Finance. He was appointed Executive Vice President and Chief Financial Officer in 2003, and later appointed President and Chief Executive Officer in October 2007. Mr. Letellier is responsible for providing strategic leadership and overseeing all of the Company’s business activities, in order to ensure its sound financial management and long-term sustainability. He is a member of the board of directors of Cartier Wind Energy Inc. and KP Tissue Inc. (TSX:KPT).

Prior to joining Innergex, Mr. Letellier worked at Boralex Inc. from 1990 to 1997, where he was involved in the development and operation of several run-of-river hydroelectric projects and where he held positions of increasing responsibility. Prior to that, he spent two years as a member of the Corporate Finance group at Brault Guy O’Brien Inc. Mr. Letellier holds a Bachelor of Commerce (Finance) degree from Université du Québec à Montréal (1986) and a Master of Business Administration degree from Université de Sherbrooke (1988).

Jean Perron CPA, CA Chief Financial Officer

Jean Perron joined Innergex in December 2003 as Vice President and Treasurer. He was appointed Chief Financial Officer in 2007. Mr. Perron is responsible for the Company’s accounting, taxation, and budgeting processes. He also provides leadership and coordination in developing the Company’s corporate structure in close cooperation with the legal department.

Prior to joining Innergex, Mr. Perron worked for KPMG LLP for more than 13 years, where he held positions of increasing responsibility, lastly as Senior Manager in taxation for a diversified clientele of private and public companies. Mr. Perron holds a Bachelor of Business Administration degree from Université du Québec à Montréal (1990) and has been a Chartered Accountant and a Certified Management Accountant since 1992.

Jean Trudel MBA Chief Investment Officer

Jean Trudel joined Innergex in 2002 as Vice President – Corporate Development and was named Vice President – Finance the following year. He was appointed Chief Investment Officer and Senior Vice President – Communications in May 2011. He was appointed Chief Investment Officer in 2015. Mr. Trudel is responsible for the execution of the Company’s investment strategy, which includes optimizing its capital structure, financing projects under development, and leading the evaluation, negotiation, and financing process for potential acquisitions. He is also responsible for overseeing corporate communications, which includes public relations, media relations, and investor relations.

Prior to joining Innergex, from 1999 to 2002 Mr. Trudel worked for Sun Life Assurance Company of Canada (formerly Clarica) as Director, Investment Project Finance for Quebec and Atlantic Canada. Prior to that, Mr. Trudel spent three years as a member of the Corporate Banking Group at Bank of Nova Scotia. Mr. Trudel holds a Bachelor of Business Administration (Finance) degree from HEC Montréal (1993) and a Master of Business Administration degree from Queen’s University (1996).

Richard Blanchet P.Eng., M.Sc. Senior Vice President – Development, Western Canada and Latin America

Richard Blanchet joined Innergex in 2001 as Vice President – Development and was appointed Senior Vice President – Western Region in 2011. Since February 2015, he holds the position of Senior Vice President – Development, Western Canada and Latin America. Mr. Blanchet is responsible for the Company’s development in Western Canada, and internationally, mainly in Latin America.

Prior to joining Innergex, Mr. Blanchet worked as a specialist and project manager at Group RSW Inc. for more than 13 years. Mr. Blanchet holds a Master of Science degree (1989) and a Bachelor of Civil Engineering degree (1986), both from Université Laval.
 Mr. Blanchet has been a member of the Ordre des Ingénieurs du Québec since 1988, and a member of the Association of Professional Engineers and Geoscientists of British Columbia since 2002.

Renaud de Batz M.Sc., MBA Senior Vice President – Hydroelectric Project Management

Renaud de Batz joined Innergex in 2002 as Project Manager and was appointed Vice President – Hydroelectric Development in 2005, and Senior Vice President – Hydroelectric Project Management, in 2015. Mr. de Batz is responsible for overseeing the development of hydroelectric projects, including supervising construction and engineering activities and coordinating the multi-disciplinary teams involved at all project stages, from development to commissioning. He is also responsible for identifying and evaluating potential hydroelectric projects.

Prior to joining Innergex, Mr. de Batz worked at RSW Inc. for more than 12 years, holding positions of increasing responsibility in Canada and abroad, lastly as Project Director and Specialist. Mr. de Batz holds a Master of Science (Geology) degree from Université de Marseille (1985) and a Master of Business Administration degree from Université du Québec à Montréal (2003). Mr. de Batz is a member of the APEGBC as a Professional Geoscientist.

Peter Grover Eng. Senior Vice President – Wind and Solar Project Management

Peter Grover joined Innergex in 2005 as Vice President – Project Management. He was appointed Senior Vice President – Project Management in 2011, and then Vice President – Wind and Solar Project Management, in 2015. Mr. Grover is responsible for overseeing Innergex’s development activities in wind and solar energy, including the development, construction, and operation of the Company’s co-owned wind farm projects under the Cartier Wind Energy joint venture

Prior to joining Innergex, Mr. Grover worked for Alstom for more than 20 years, holding positions of increasing responsibility in the renewable energy sector in Canada and abroad, lastly as Director of Project Management. Mr. Grover holds a Bachelor of Electrical Engineering degree from Concordia University (1986) and has been a member of the Ordre des Ingénieurs du Québec since 1992.

François Hébert Senior Vice President – Operations and Maintenance

François Hébert joined Innergex in 1999 as Vice President – Operations and Maintenance. He was appointed Senior Vice President – Operations and Maintenance in 2011. Mr. Hébert is responsible for overseeing the operation and maintenance activities for the Company’s hydroelectric facilities, in order to maximize their productivity and life expectancy. He also plays an active role in the design and commissioning of electromechanical equipment for hydroelectric projects under construction.

Prior to joining Innergex, Mr. Hébert worked for Alstom for 12 years, where he held positions of increasing responsibility, lastly as the automation department’s Electrical Coordinator. Mr. Hébert holds a diploma in Electronics from Cégep de Sherbrooke (1986) and a diploma in instrumentations and controls from Cégep du Vieux-Montréal (1987).

Yves Baribeault Eng., LL.B., MBA Vice President – Legal Affairs, Operations and Projects

Yves Baribeault joined Innergex in 2009 as Director – Legal Affairs and was promoted to Senior Director – Legal Affairs, Operations and Administration in 2011. He was named Vice President – Legal Affairs, Operations and Projects in 2015. Mr. Baribeault is responsible for managing legal affairs related to the Company’s operations and development.

Mr. Baribeault has been a lawyer for more than 24 years. Prior to joining Innergex, Mr. Baribeault worked at Air Liquide Canada Inc. for over 12 years, where he held positions with increasing responsibilities and ultimately that of Assistant Corporate Secretary and Legal Counsel. Before that, he was Chief of Labour Relations at G.U.S. Canada and worked in private practice for various Montreal legal firms. Mr. Baribeault has a Bachelor’s Degree in Chemical Engineering (1986) and Bachelor of Law (1990) from the University of Sherbrooke as well as a Master’s Degree in Business Administration (International Finance and Administration) from the École des Hautes Études Commerciales de Montréal (1998). He is a member of the Ordre des Ingénieurs du Québec since 1986 and of the Barreau du Québec since 1991.

Anne Cliche Vice President – Human Resources

Anne Cliche joined Innergex in June 2011 as Vice President – Organizational Development and Talent Management. Since then, she has been named Vice President – Human Resources in 2015. Mrs. Cliche works in close collaboration with the senior management team to ensure the implementation of the Company’s strategic plan. She is also responsible for the development and implementation of human resources strategies, programs, and tools, and for optimizing the Company’s organizational structure in order to support its growth.

Prior to joining Innergex, Mrs. Cliche worked for three years as an independent consultant specializing in organizational development and change management. From 2005 to 2008, Mrs. Cliche was National Director of Organizational Development and Training for Saputo. Prior to that, Mrs. Cliche was National Director – Operations and Project Management within the Corporate Communications team at Microcell from 2000 to 2003, and National Training Director – Sales and Customer Service Training with Fido from 1996 to 1999. Mrs. Cliche holds a Bachelor of Arts degree from Université Laval (1983).

Claude Chartrand P.Eng., B.A.Sc. Vice President – Engineering

Claude Chartrand joined Innergex in February 2012 as Vice President – Engineering. Mr. Chartrand is responsible for managing the newly created Engineering department for the Western Region, whose mandate is to provide engineering services for projects in development, to participate in the coordination of activities during project construction, and to provide assistance to the operations team.

Prior to joining Innergex, Mr. Chartrand worked for AECOM (formerly RSW Inc.) for more than 23 years, holding positions of increasing responsibility, lastly as Vice-president, Regional Business Line Leader, Energy, Canada West. Prior to that, Mr. Chartrand worked as an engineer on numerous projects in the energy sector, particularly in hydroelectric power generation, at Monenco Consultants Ltd. (1981-1988), Société d’ingénierie Cartier (1977-1981), and Montreal Engineering Co. (1975-1977). Mr. Chartrand holds a Bachelor of Applied Science (Civil Engineering) degree from École Polytechnique de Montréal (1975). He is a member of several professional engineers associations, namely those of Ontario and British Columbia. Mr. Chartrand is also a member of the Ordre des Ingénieurs du Québec since 1977.

Matt Kennedy M.Sc., R.P.Bio. Vice President – Environment

Matt Kennedy joined Innergex in 2011 and is responsible for managing environmental elements throughout the Company’s activities. His areas of focus include ensuring monitoring and compliance of renewable energy facilities both in operation and under construction, and the completion of environmental studies and securing of permits/approvals for projects in development. In addition, Mr. Kennedy is responsible for establishing and maintaining various key stakeholder relationships.

Mr. Kennedy worked as VP Environment for Cloudworks Energy Inc. (acquired by Innergex in 2011) and in various positions at Canadian Hydro Developers, Inc. (2006-2009). Prior to entering the renewable energy sector, Mr. Kennedy was a consulting aquatic biologist to the mining, forestry, oil and gas, and infrastructure sectors for over 10 years. Mr. Kennedy holds a Master of Science degree from the University of Western Ontario (1995) and has been a Registered Professional Biologist (British Columbia) since 2004.

Nathalie Théberge Vice President – Corporate Legal Affairs and Secretary

Ms. Théberge joined the Innergex team in 2010 as Director – Corporate Legal Affairs and Corporate Secretary. She was named Vice President – Corporate Legal Affairs and Secretary in 2015. As such, she works closely with the Board of Directors and the management team to develop and implement corporate governance practices. In addition, she handles securities and corporate law matters and oversees the legal aspect of project financing.

Prior to joining Innergex, Ms. Théberge gained solid experience working as Director of Legal Affairs and Legal Counsel for major Quebec companies, such as Cascades and Bombardier, as well as working as an associate in private practice with a Montreal law firm. Ms. Théberge holds a Bachelor of Law from the Université de Montréal and is a member of the Barreau du Québec since 1992.

Our governance

The primary stewardship responsibility of the Board of Directors is to ensure Innergex’s viability. Its mandate is to oversee the management of the business and affairs of the Company with a view to evaluating, on an ongoing basis, whether its resources are being managed in a manner consistent with shareholder value enhancement, ethical considerations, and stakeholders’ interests.

Board of Directors

Jean La Couture1 – Chairman of the Board
Principal occupation: President, Huis Clos Ltée
Innergex Director since: March 2003

Richard Laflamme1
Principal occupation: Corporate Director and pension fund administrator
Innergex Director since: March 2003

Daniel L. Lafrance1
Principal occupation: Corporate Director
Innergex Director since: March 2003

William A. Lambert1
Principal occupation: Corporate Director
Innergex Director since: October 2007

Michel Letellier
Principal occupation: President and Chief Executive Officer of the Company
Innergex Director since: October 2002

Dalton McGuinty1
Principal occupation: Consultant for PricewaterhouseCoopers Canada and Desire2Learn
Innergex Director since: 2015

Monique Mercier1
Principal occupation: Executive Vice-President, Corporate Affairs, Chief Legal Officer and Corporate Secretary of TELUS Corporation
Innergex Director since: 20152

1   Independant. Independence is determined within the meaning of the Canadian Securities Administrators’ Regulation 58-101 – Respecting Disclosure of Corporate Governance Practices.
2   She will take office in October 2015.

Board committees

AUDIT COMMITTEE
Jean La Couture
Daniel L. Lafrance
William A. Lambert

CORPORATE GOVERNANCE COMMITTEE
Jean La Couture (Chair)
Richard Laflamme
William A. Lambert

NOMINATING COMMITTEE
Jean La Couture (Chair)
Richard Laflamme
Daniel L. Lafrance
William A. Lambert

HUMAN RESOURCES COMMITTEE
Jean La Couture
Richard Laflamme (Chair)
Daniel L. Lafrance

For more information about Board composition, director compensation, management compensation, and other governance issues, consult the April 8, 2014 Notice of Annual Shareholders’ Meeting – Solicitation of Proxies. You can also find more information about the Audit Committee in the 2014 Annual Information Form.

We have formalized our governance practices through a series of Charters for the Board of Directors and each of its committees, and through a series of Policies for the Company.

Our Code of Conduct sets the standard and provides guidance as to our expectations for all employees, officers, consultants, directors, and others when representing the Company.

Its purpose is to provide guidelines to ensure that Innergex’s reputation for integrity and good corporate citizenship is maintained through the adherence to high ethical standards, backed by open and honest relations among employees, shareholders, directors, officers, suppliers, host communities, partners and other stakeholders.

Employees, officers and directors of the Company receive a copy of the Code of Conduct, as well as a training session on its content, each year. Infractions of the Code of Conduct are reported to the Board of Directors’ Corporate Governance Committee.

Read Innergex’s Code of Conduct.

Board of Directors

Jean La Couture1 – Chairman of the Board
Principal occupation: President, Huis Clos Ltée
Innergex Director since: March 2003

Richard Laflamme1
Principal occupation: Corporate Director and pension fund administrator
Innergex Director since: March 2003

Daniel L. Lafrance1
Principal occupation: Corporate Director
Innergex Director since: March 2003

William A. Lambert1
Principal occupation: Corporate Director
Innergex Director since: October 2007

Michel Letellier
Principal occupation: President and Chief Executive Officer of the Company
Innergex Director since: October 2002

Dalton McGuinty1
Principal occupation: Consultant for PricewaterhouseCoopers Canada and Desire2Learn
Innergex Director since: 2015

Monique Mercier1
Principal occupation: Executive Vice-President, Corporate Affairs, Chief Legal Officer and Corporate Secretary of TELUS Corporation
Innergex Director since: 20152

1   Independant. Independence is determined within the meaning of the Canadian Securities Administrators’ Regulation 58-101 – Respecting Disclosure of Corporate Governance Practices.
2   She will take office in October 2015.

Board committees

AUDIT COMMITTEE
Jean La Couture
Daniel L. Lafrance
William A. Lambert

CORPORATE GOVERNANCE COMMITTEE
Jean La Couture (Chair)
Richard Laflamme
William A. Lambert

NOMINATING COMMITTEE
Jean La Couture (Chair)
Richard Laflamme
Daniel L. Lafrance
William A. Lambert

HUMAN RESOURCES COMMITTEE
Jean La Couture
Richard Laflamme (Chair)
Daniel L. Lafrance

For more information about Board composition, director compensation, management compensation, and other governance issues, consult the April 8, 2014 Notice of Annual Shareholders’ Meeting – Solicitation of Proxies. You can also find more information about the Audit Committee in the 2014 Annual Information Form.

Its purpose is to provide guidelines to ensure that Innergex’s reputation for integrity and good corporate citizenship is maintained through the adherence to high ethical standards, backed by open and honest relations among employees, shareholders, directors, officers, suppliers, host communities, partners and other stakeholders.

Employees, officers and directors of the Company receive a copy of the Code of Conduct, as well as a training session on its content, each year. Infractions of the Code of Conduct are reported to the Board of Directors’ Corporate Governance Committee.

Read Innergex’s Code of Conduct.