Jan 23 (Reuters) - Innergex Renewable Energy Inc :

* INNERGEX EXPANDS ITS PRESENCE IN ONTARIO THROUGH THE ACQUISITION OF A 60 MW SOLAR PORTFOLIO

* INNERGEX RENEWABLE ENERGY - PROPOSED DEAL FOR PURCHASE PRICE OF $50.2 MILLION, ALONG WITH ASSUMPTION OF $169.5 MILLION OF EXISTING DEBT

* INNERGEX RENEWABLE ENERGY - EXPECTS ACQUIRED PORTFOLIO TO BE IMMEDIATELY ACCRETIVE BASED ON HISTORICAL AVERAGES

* INNERGEX RENEWABLE ENERGY INC - ACQUISITION WILL BE FINANCED WITH DRAWS FROM EXISTING REVOLVING CREDIT FACILITY Source text for Eikon: Further company coverage: