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Innergex, independent renewable power producer, has signed a long-term partnership agreement with Crédit Agricole Assurances regarding Innergex’s assets and development portfolio in France.
Michel Letellier, President and Chief Executive Officer of Innergex, said: “This long-term partnership agreement is a show of confidence by a well-reputed and financially sound French partner like Crédit Agricole Assurances in the quality of our existing assets, our development activities and strategy in France, and the quality and expertise of our development team. As the new renewable energy bill adopted by the French Parliament promises to accelerate renewable energy development, this long-term partnership provides Innergex with additional financial flexibilit y to continue and accelerate our greenfield development activities of wind and solar projects in the years ahead.’’
Philippe Dumont, CEO of Crédit Agricole Assurances, said: “We’re proud to announce this new partnership in favour of the energy transition. This investment in Innergex France, a high-potential French renewable platform and a subsidiary of a leading pure play renewable group with a proven track record, is fully in line with Crédit Agricole Group’s climate commitments. This operation will also contribute to Crédit Agricole Assurances’ objectives to increase its investments in renewable energies and reach a 14 GW installed capacity by 2025.”
Mobility, climate, responsible digital technology, healthy and sustainable food, responsible consumption, etc. Crédit Agricole Assurances is implementing numerous initiatives on its various sites to continue raising its employees’ awareness of environmental and societal issues.
Crédit Agricole Assurances makes new commitments to reduce the carbon footprint of its investment portfolios by 2030 and implementing a new policy for the oil and gas sector.
Pacifica, Crédit Agricole Assurances' non-life insurance subsidiary, is renewing its home insurance range, making it more accessible, more customisable and more environmentally friendly.
This action will be irreversible. You will not be able to apply to this offer