Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) and CDPQ announced today they have entered into a definitive agreement dated as of February 24, 2025 (the “Arrangement Agreement”), pursuant to which CDPQ will acquire all of the issued and outstanding common shares of Innergex (the “Common Shares”) (other than those held by CDPQ and certain members of senior management rolling over (the “Rollover Shareholders”)) for a price of $13.75 per share in cash. Pursuant to the Arrangement Agreement, CDPQ will also acquire all of the issued and outstanding preferred shares Series A and C of Innergex (the “Preferred Shares”) for $25.00 per share in cash (plus all accrued and unpaid dividends and, in the case of the Series A preferred shares, an amount in cash per Series A preferred share equal to the dividends that would have been payable in respect of such share until January 15, 2026, which is the next available redemption date) (the “Transaction”).