Innergex Renewable Energy
TypePublic
TSX: INE
IndustryElectric generation
GenreIndependent Power Producer
Founded1990
FounderGilles Lefrançois
Headquarters
Longueuil, Québec
,
Canada
Key people
Michel Letellier, President & CEO
Jean La Couture, Chairman
RevenueIncrease Can$576.6 million (2018)[1]
Increase Can$25.7 million (2018)[1]
Total assetsIncrease Can$6.48 billion (2018)[1]
Total equityIncrease Can$629.8 million (2018)[1]
OwnersHydro Quebec (19.9%)
Websitewww.innergex.com

Innergex Renewable Energy (TSX: INE) is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America, France and South America.[2] 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.[3]

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 [4]

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

[5]

Hydroelectric plants
Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration
Ashlu Creek 2009 49,9 100 BC Hydro 2039
Batawa 1999 5 100 Independent Electricity System Operator 2029
Brown Lake 2012 7,2 100 BC Hydro 2016
Chaudière 1999 24 100 Hydro-Québec 2019
Douglas Creek 2011 27 50 BC Hydro 2049
Fire Creek 2011 23 50 BC Hydro 2049
Fitzsimmons Creek 2010 7,5 66,7 BC Hydro 2050
Glen Miller 2005 8 100 Independent Electricity System Operator 2025
Horseshoe Bend 2003 9,5 100 Idaho Power 2030
Lamont Creek 2011 27 50 BC Hydro 2049
Miller Creek 2012 33 100 BC Hydro 2023
Montmagny 2000 2,1 100 Hydro-Québec 2021
Portneuf 1-2-3 1996 25,9 100 Hydro-Québec 2021
Rutherford Creek 2005 49,9 100 BC Hydro 2024
Saint-Paulin 1994 8 100 Hydro-Québec 2014
Stokke Creek 2011 22 50 BC Hydro 2049
Tipella Creek 2011 18 50 BC Hydro 2049
Umbata Falls 2008 23 49 Independent Electricity System Operator 2028
Upper Stave River 2011 33 50 BC Hydro 2049
Windsor 2004 5,5 100 Hydro-Québec 2016
Wind farms
Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration
Baie-des-Sables 2006 109,5 38 Hydro-Québec 2026
Carleton 2008 109,5 38 Hydro-Québec 2028
Gros-Morne 2011 211,5 38 Hydro-Québec 2032
L'Anse-à-Valleau 2007 100,5 38 Hydro-Québec 2027
Mesgi'g Ugju's'n Wind Farm 2016 149,3 50 Hydro-Québec 2037
Montagne Sèche 2011 58,5 38 Hydro-Québec 2031
Solar farms
Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration
Stardale 2012 33,2 100 Independent Electricity System Operator 2032

See also

References

  1. 1 2 3 4 https://www.innergex.com/wp-content/uploads/2019/03/INE_ANNUAL-REPORT-2018_WEB_EN-1.pdf
  2. ↑ "Plantas".
  3. ↑ "Innergex completes $1.1 Billion acquisition of Alterra Power Corp". Innergex. 2018-02-06. Retrieved 2019-06-12.
  4. ↑ "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". 9 June 2022.
  5. ↑ Innergex website, Sites overview - Complete list, archived from the original on 2012-03-25, retrieved 2013-07-12
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