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■ ■ ■ ■ INNERGEX Renewable Energy . Sustainable Development . News Release For immediate distribution INNERGEX Q3 2021 : MOMENTUM THROUGH ACQUISITIONS 1 Revenues up 13 % at $ 184.6 million in Q3 2021 compared with Q3 2020 . Net loss at $ 23.5 million in Q3 2021 compared with net earnings at $ 7.5 million in Q3 2020 . Revenues Proportionate up 4 % at $ 222.0 million in Q3 2021 compared with Q3 2020 . Adjusted EBITDA Proportionate up 3 % to $ 155.9 million in Q3 2021 compared with Q3 2020 . ✓ Completion of the Energía Llaima acquisition at the beginning of Q3 2021 . ✓ Acquisition of the Licán hydroelectric facility in Chile in August 2021 . ✓ Acquisition of the Curtis Palmer portfolio of hydroelectric facilities as part of the Strategic Alliance with Hydro Québec . $ 201 million Bought Deal Equity Financing and $ 50 million Concurrent Private Placement . All amounts are in thousands of Canadian dollars , unless otherwise indicated . LONGUEUIL , Quebec , November 9 , 2021 Innergex Renewable Energy Inc. ( TSX : INE ) ( " Innergex " or the " Corporation " ) today released its operating and financial results for the third quarter ended September 30 , 2021 . " With the acquisition of the remaining interests in Energía Llaima and three hydro facilities , Innergex is securing quality and long - life assets that will immediately generate additional cash flows , " said Michel Letellier , President and Chief Executive Officer of Innergex . " We are particularly proud of having announced and subsequently closed the first acquisition as part of the Strategic Alliance with Hydro - Québec , the 60 MW Curtis Palmer portfolio of hydroelectric facilities located in New York State . This acquisition solidifies our alliance and gives us a foothold in the attractive New York renewables market . We will continue to develop our own greenfield projects and conclude strategic acquisitions to pursue our mission to build a better world with renewable energy . "