Feb 6 (Reuters) - Innergex Renewable Energy Inc INE.TO :
* INNERGEX AND HYDRO-QUÉBEC ANNOUNCE A STRATEGIC ALLIANCE AND A PRIVATE PLACEMENT
* INNERGEX RENEWABLE ENERGY - HYDRO-QUÉBEC HAS COMMITTED AN INITIAL $500 MILLION TO STRATEGIC ALLIANCE WITH CO
* $661 MILLION INVESTED BY HYDRO-QUÉBEC THROUGH A PRIVATE PLACEMENT IN INNERGEX
* INNERGEX RENEWABLE ENERGY - PURSUANT TO PRIVATE PLACEMENT, CO HAS ISSUED 34.6 MILLION COMMON SHARES TO HYDRO-QUÉBEC, AT A PRICE OF $19.08 PER SHARE
* INNERGEX RENEWABLE ENERGY - CO ALSO AGREED TO PROVIDE HYDRO-QUÉBEC WITH RIGHT TO NOMINATE 2 CANDIDATES TO CO'S BOARD
* INNERGEX RENEWABLE ENERGY - EXPECTS TO USE $50 MILLION FROM PRIVATE PLACEMEMNT TO FUND DEVELOPMENT OF 200 MW HILLCREST SOLAR PHOTOVOLTAIC PROJECT
* INNERGEX RENEWABLE ENERGY - EXPECTS TO USE ABOUT $275 MILLION FROM PLACEMEMNT TO FUND EQUITY REQUIREMENTS RELATED TO POTENTIAL ACQUISITION OF 2 PROJECTS