The Innu Council of Pessamit, Innergex Renewable Energy Inc. and the regional county municipality of Manicouagan (RCM of Manicouagan) announced that their 300 MW Manicouagan wind project has been selected in Hydro-Québec's request for proposals. The project development process is ongoing, and the population will continue to be consulted and kept informed about the project in order to maintain collaboration with communities and ensure the success of this project, which will benefit present and future generations. Commercial operation is scheduled for 2029, and the power purchase agreement with Hydro-Québec (S&P credit rating: AA-) is expected to be structured as a 30-year take-or-pay contract, indexed to a predefined percentage of the Consumer Price Index ("CPI").

Once commissioned, the project will generate enough electricity to meet the energy needs of around 60,000 homes. Interconnection and collector system costs will be reimbursed by Hydro-Québec when the facility is commissioned. The project is subject to the execution of contracts with Hydro-Québec and suppliers, and to the successful completion of permit application processes and regulatory requirements.