Innergex Renewable Energy Inc. revised production guidance for 2022. The Corporation makes targets using certain assumptions to provide readers with an indication of its business activities and operating performance. For 2022, targets were based on the commissioning of the Tonnerre battery storage project in the first quarter of 2022 and the Innavik hydro facility in the fourth quarter of 2022.

The Tonnerre battery storage project reached COD in the third quarter of 2022 and the Corporation now expects the Innavik hydro facility to be in operation in 2023. Revised targets for 2022, Production (GWh) was previously expected to be +18% now it is expected to be +22%. Net installed capacity (MW) was previously expected to be 3,156 now it is expected to be 3,484.