Innergex Renewable Energy
{{More citations needed|date=March 2020}}
{{Infobox company
| name = Innergex Renewable Energy Inc.
| logo = Innergex logo.svg
| type = Public
| traded_as = {{TSX|INE}}
| genre = Independent Power Producer
| foundation = {{start date and age|1990}}
| founder = Gilles Lefrançois
| location_city = Longueuil, Québec
| location_country = Canada
| location =
| locations =
| area_served =
| key_people = Michel Letellier (president & CEO)
Jean La Couture (chairman)
| industry = Electric generation
| products =
| services =
| revenue = {{increase}} Can$576.6 million (2018)https://www.innergex.com/wp-content/uploads/2019/03/INE_ANNUAL-REPORT-2018_WEB_EN-1.pdf {{Bare URL PDF|date=March 2022}}
| operating_income =
| net_income = {{increase}} Can$25.7 million (2018)
| assets = {{increase}} Can$6.48 billion (2018)
| equity = {{increase}} Can$629.8 million (2018)
| owners = Hydro Quebec (19.9%)
| num_employees =
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| divisions =
| subsid =
| homepage = [http://www.innergex.com www.innergex.com]
| footnotes =
| intl =
}}
Innergex Renewable Energy Inc. is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America, France and South America.{{cite web | url=https://www.innergex.com/es/plantas/ | title=Plantas }} While many of the firm's operational assets are located in its home province of Québec, it has expanded into Ontario, British Columbia, and Idaho, as well as Chile and France
Business segments
The company has four reportable segments: hydroelectric production, wind power production, solar power production, and site development and management. Through its energy production segments it sells electricity produced from its hydroelectric facilities, wind farms, and solar farms in operation to publicly owned entities. Through its site development and management segment, the company develops energy production facilities to the operational stage and then manages them.
Corporate history
Innergex Renewable Energy was founded in 1990 by Gilles Lefrançois under the name Innergex GP in response to the Québec government's call for private sector bids to develop small hydro generation facilities. The firm went on to develop four of its own projects (Saint-Paulin, Chaudière, Batawa and Pontneuf 1-2-3) and acquire another (Montmagny) before transferring these assets into the Innergex Renewable Energy Income Fund, which listed on the Toronto Stock Exchange in 2003.
In 2004, Innergex joined forces with TransCanada Corporation to bid on a Hydro-Québec call for tender for 1,000 MW of wind power. The two companies set up a joint venture, Cartier Wind Energy, with Innergex holding a 38% stake. In 2005, Cartier signed 20-year power purchase agreements for 739.5 MW to be generated at six locations on the Gaspé Peninsula. Five of the six projects were built between 2006 and 2012, including the 211.5 MW Gros-Morne Wind Farm, which became Canada's largest at the time of its commissioning, in late 2012.
In 2018 Innergex acquired Alterra Power Corporation, which made the company the largest independent renewable energy producer in British Columbia and among the largest in Canada.{{Cite web|url=https://www.innergex.com/innergex-completes-1-1-billion-acquisition-of-alterra-power-corp/|title=Innergex completes $1.1 Billion acquisition of Alterra Power Corp.|date=2018-02-06|website=Innergex|language=en-US|access-date=2019-06-12}}
In 2022 Innergex acquired what was left of Llaima Energía (50%) & Aela Energía the at the moment largest green energy provider in MW terms in Chile {{cite web | url=https://www.diariosustentable.com/2022/06/innergex-se-convierte-en-uno-de-los-principales-productores-especializados-de-energia-renovable-en-chile-con-la-adquisicion-de-una-cartera-de-parques-eolicos-avaluada-en-8612-millones-de-dolares/ | title=Innergex se convierte en uno de los principales productores especializados de energía renovable en Chile con la adquisición de una cartera de parques eólicos avaluada en 861,2 millones de dólares | date=9 June 2022 }}
In February 2025, CDPQ announces a bid to buy Innergex Renewable Energy in deal valued at $10 billion. https://www.bnnbloomberg.ca/business/company-news/2025/02/25/quebec-pension-fund-manager-to-buy-innergex-renewable-energy-in-deal-valued-at-10-billion/
Power projects controlled by Innergex Renewable Energy
Innergex currently operates 28 renewable energy generation facilities: 22 run-of-river hydro plants, five wind farms and one solar farm. These projects have a combined net capacity of 577 MW.
Operational power projects
| class="wikitable sortable" style="text-align:left;"
|+ colspan=6 |Hydroelectric plants ! width="30%" | Name ! width="10%" | Commissioned ! width="10%" | Gross installed capacity (MW) ! width="10%" | Innergex's participation ! width="30%" | Client ! width="10%" | Expiration | |
| | Ashlu Creek
| align="right" | 2009 | align="right" | 49,9 | align="right" | 100 | BC Hydro
| align="right" | 2039 |
| | Batawa
| align="right" | 1999 | align="right" | 5 | align="right" | 100 | Independent Electricity System Operator
| align="right" | 2029 |
| | Brown Lake
| align="right" | 2012 | align="right" | 7,2 | align="right" | 100 | BC Hydro
| align="right" | 2016 |
| | Chaudière
| align="right" | 1999 | align="right" | 24 | align="right" | 100 | Hydro-Québec
| align="right" | 2019 |
| | Douglas Creek
| align="right" | 2011 | align="right" | 27 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Fire Creek
| align="right" | 2011 | align="right" | 23 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Fitzsimmons Creek
| align="right" | 2010 | align="right" | 7,5 | align="right" | 66,7 | BC Hydro
| align="right" | 2050 |
| | Glen Miller
| align="right" | 2005 | align="right" | 8 | align="right" | 100 | Independent Electricity System Operator
| align="right" | 2025 |
| | Horseshoe Bend
| align="right" | 2003 | align="right" | 9,5 | align="right" | 100 | Idaho Power
| align="right" | 2030 |
| | Lamont Creek
| align="right" | 2011 | align="right" | 27 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Miller Creek
| align="right" | 2012 | align="right" | 33 | align="right" | 100 | BC Hydro
| align="right" | 2023 |
| | Montmagny
| align="right" | 2000 | align="right" | 2,1 | align="right" | 100 | Hydro-Québec
| align="right" | 2021 |
| | Portneuf 1-2-3
| align="right" | 1996 | align="right" | 25,9 | align="right" | 100 | Hydro-Québec
| align="right" | 2021 |
| | Rutherford Creek
| align="right" | 2005 | align="right" | 49,9 | align="right" | 100 | BC Hydro
| align="right" | 2024 |
| | Saint-Paulin
| align="right" | 1994 | align="right" | 8 | align="right" | 100 | Hydro-Québec
| align="right" | 2014 |
| | Stokke Creek
| align="right" | 2011 | align="right" | 22 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Tipella Creek
| align="right" | 2011 | align="right" | 18 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Umbata Falls
| align="right" | 2008 | align="right" | 23 | align="right" | 49 | Independent Electricity System Operator
| align="right" | 2028 |
| | Upper Stave River
| align="right" | 2011 | align="right" | 33 | align="right" | 50 | BC Hydro
| align="right" | 2049 |
| | Windsor
| align="right" | 2004 | align="right" | 5,5 | align="right" | 100 | Hydro-Québec
| align="right" | 2016 |
| class="wikitable sortable" style="text-align:left;"
|+ colspan=6 |Wind farms ! width="30%" | Name ! width="10%" | Commissioned ! width="10%" | Gross installed capacity (MW) ! width="10%" | Innergex's participation ! width="30%" | Client ! width="10%" | Expiration | |
| | Baie-des-Sables
| align="right" | 2006 | align="right" | 109,5 | align="right" | 38 | Hydro-Québec
| align="right" | 2026 |
| | Carleton
| align="right" | 2008 | align="right" | 109,5 | align="right" | 38 | Hydro-Québec
| align="right" | 2028 |
| | Gros-Morne
| align="right" | 2011 | align="right" | 211,5 | align="right" | 38 | Hydro-Québec
| align="right" | 2032 |
| | L'Anse-à-Valleau
| align="right" | 2007 | align="right" | 100,5 | align="right" | 38 | Hydro-Québec
| align="right" | 2027 |
| Mesgi'g Ugju's'n Wind Farm
| align="right" | 2016 | align="right" | 149,3 | align="right" | 50 | Hydro-Québec
| align="right" | 2037 |
| | Montagne Sèche
| align="right" | 2011 | align="right" | 58,5 | align="right" | 38 | Hydro-Québec
| align="right" | 2031 |
| class="sortbottom" |
| class="wikitable sortable" style="text-align:left;"
|+ colspan=6 |Solar farms ! width="30%" | Name ! width="10%" | Commissioned ! width="10%" | Gross installed capacity (MW) ! width="10%" | Innergex's participation ! width="30%" | Client ! width="10%" | Expiration | |
| | Stardale
| align="right" | 2012 | align="right" | 33,2 | align="right" | 100 | Independent Electricity System Operator
| align="right" | 2032 |
See also
{{stack|{{Portal|Canada|Water|Renewable energy}}}}
References
{{Reflist}}
External links
- http://www.innergex.com/en
{{Morningstar National Bank Québec Index}}
Category:Electric power companies of Canada
Category:Renewable energy companies of Canada
Category:Companies based in Longueuil
Category:Energy companies established in 1990
Category:Renewable resource companies established in 1990
Category:1990 establishments in Quebec
Category:Companies listed on the Toronto Stock Exchange
Category:Canadian companies established in 1990