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INNERGEX Renewable Energy . Sustainable Development . News Release For immediate distribution INNERGEX Q2 2021 : RECENT ACQUISITIONS AND ADVANCEMENT OF CONSTRUCTION PROJECTS DRIVE STEADY GROWTH ■ Revenues Proportionate up 3 % to $ 198.4 million in Q2 2021 compared with Q2 2020 . • • ' Adjusted EBITDA Proportionate up 4 % to $ 146.0 million in Q2 2021 compared with Q2 2020 . Commissioning of the Griffin Trail wind facility in Texas and ramp - up of production at the Hillcrest solar facility in Ohio . Completion of the Energía Llaima acquisition at the beginning of Q3 2021 . Exclusion of the results from the Flat Top and Shannon joint venture facilities , from April 1 , 2021 onwards , due to the projects ' assets and liabilities being classified as disposal groups held for sale , following the February 2021 Texas Events . ■ The Corporation acquired an 18 MW run - of - river hydro facility in Chile . The transaction closed on August 3 , 2021 . The facility commissioned in 2011 was acquired for a total enterprise value of US $ 40.5 million ( $ 50.5 million ) with an equity investment for Innergex of US $ 16.6 million ( $ 20.6 million ) , broken down to payment to the shareholders and the partial repayment of the existing debt and other costs . All amounts are in thousands of Canadian dollars , unless otherwise indicated and are for continuing operations unless otherwise indicated . LONGUEUIL , Quebec , August 3 , 2021 - Innergex Renewable Energy Inc. ( TSX : INE ) ( " Innergex ” or the " Corporation " ) today released its operating and financial results for the second quarter ended June 30 , 2021 . " We are pleased that our Hillcrest solar facility in Ohio reached commercial operation under its power purchase agreement and that sales of electricity commenced at the beginning of May . This commissioning along with higher production at most of our hydro facilities this quarter compared to the same period last year contributed to delivering positive results , " said Michel Letellier , President and Chief Executive Officer of Innergex . " Since the end of the quarter , we have completed the acquisition of the remaining interest in Energía Llaima and reached commercial operation with our Griffin Trail wind project in Texas , both of which align with our growth strategy . We remain focused on pursuing organic development and acquisitions to meet our Strategic Plan objectives and reduce stress on our payout ratio . "