Cautionary statement on forward-looking information

This website contains forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this website are forward-looking information. Such statements and information may be identified by looking for words such as “about”, “approximately”, “may”, “believes”, “expects”, “will”, “intends”, “should”, “plan”, “predict”, “potential”, “project”, “anticipate”, “estimate”, “continue” or similar words or the negative thereof or other comparable terminology. Such forward-looking information includes, without limitation, statements with respect to: eventual requests for proposal; the execution of definitive agreements and closing of the acquisition of the Kapuskasing projects and Sainte-Marguerite facility and the benefits that may accrue to Innergex Renewable Energy Inc. (the “Corporation”) and its shareholders as a consequence of the potential acquisition of the Kapuskasing projects and Sainte-Marguerite facility; the future financial position; the expected power production; growth prospects; estimated construction costs; expected operational efficiencies; the possibility to secure any proposed expansion of the Corporation’s facilities and added stability of cash flows relating to the facilities and projects owned by the Corporation or to be acquired; business strategy and plans, and objectives of or involving the Corporation; capital expenditures and investment programs; access to credit facilities and financing; capital taxes; income taxes; risk profile; cash flows and earnings and the components thereof; future income tax treatment; statements with respect to levels of dividends to be paid to shareholders, dividend policy and the timing of payment of such dividends. Actual events or results may differ materially.

The forward-looking information is based on certain key expectations and assumptions made by the Corporation, including expectations and assumptions concerning availability of capital resources, long term average historical production, absence of exercise of any termination right, economic and financial conditions, the success obtained in developing new facilities and the performance of operating facilities. Although the Corporation believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information since no assurance can be given that they will prove to be correct.

Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors. These include, but are not limited to, the ability of the Corporation to execute its strategy, availability of capital resources, liquidity risks related to derivative financial instruments, availability of water flows, wind and sunlight, delays and cost over-runs in the construction and design of projects, health, safety and environmental risks, uncertainty relating to the development of new power generating facilities, obtainments of permits, project performance and penalties, equipment failure, interest rate fluctuations and debt refinancing, contractual restrictions contained in instruments governing current and future indebtedness, declaration of dividends is at the discretion of the board of directors of the Corporation, the ability to secure new power purchase agreements, the ability to retain qualified personnel and management, litigation risks, the performance of third-party suppliers, relationships with communities in which projects or facilities are located and joint venture partners, equipment supply, changes to governmental regulatory requirements and applicable governing statutes, securing appropriate land for projects, reliance on power purchase agreements, reliance on transmission systems, water and land rental expenses, assessment of water, wind and sun resources and associated energy production, dam safety, natural disasters and force majeure, foreign exchange fluctuations, sufficiency of insurance coverage, credit ratings that may not reflect actual performance of the Corporation, potential undisclosed liabilities associated with acquisitions, integration of the facilities and projects acquired or to be acquired, failure to realize acquisitions benefits, failure to close the acquisition of the Kapuskasing projects and Sainte-Marguerite facility , shared transmission and interconnection infrastructure, revenues from the Miller Creek facility that vary based on the spot price of electricity and the inability to execute a definitive agreement. Readers are cautioned that the foregoing list is not exhaustive. Readers should carefully review and consider the risk factors described under the section “Risk Factors” of the latest version of the Annual Information Form of the Corporation filed on SEDAR’s website at

To the extent that any forward-looking information in this website constitutes future-oriented financial information or financial outlooks, within the meaning of securities laws, such information is being provided to inform potential investors and current shareholders of the potential financial impact of development projects if and when they will reach commercial operation, recently announced acquisitions or expected results and may not be appropriate for other purposes. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out above. The forward-looking information contained on this website is expressly qualified in its entirety by this cautionary statement. The Corporation undertakes no obligation to publicly update any forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.