Innergex Renewable Energy Inc - Company Profile
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Innergex Renewable Energy Inc (Innergex) is an independent renewable power producer. It develops, acquires, owns, and operates hydroelectric facilities, wind farms, and solar photovoltaic facilities through long-term power purchase agreements. The company sells electricity to publicly owned utilities or other creditworthy counterparties. It analyzes potential sites and develops hydroelectric, wind, and solar facilities up to the commissioning stage. The company manages a large portfolio of assets in which it has interests, which include hydroelectric facilities, wind farms, and solar farms, besides various projects under development stages. It owns and operates facilities in Canada, the US, France, and Chile. Innergex is headquartered in Longueuil, Quebec, Canada.
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Products and Services
Products | Services |
---|---|
Electricity. | Project Operation. |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company along with the Regional County Municipality of Lotbiniere and the Abenaki Councils of Odanak and Wolinak entered into a power purchase agreement with Hydro-Quebec to produce electricity from the Lotbiniere Ndakina community wind project. |
2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired the remaining 45% stake in the 34-MW Pampa Elvira Solar thermal plant in Chile from Investment Fund for Developing Countries for US$5.5 million. |
2023 | Financing Agreements | In July, the company announced the closing of a US$534 million construction financing including a US$203 million 10-year non-recourse term loan with BNP Paribas, Credit-Agricole CIB, Export Development Canada, and MUFG Bank, Ltd. |
Competitor Comparison
Key Parameters | Innergex Renewable Energy Inc | Boralex Inc | TransAlta Renewables Inc | Capstone Infrastructure Corp | Vergnet SA |
---|---|---|---|---|---|
Headquarters | Canada | Canada | Canada | Canada | France |
City | Longueuil | Kingsey Falls | Calgary | Toronto | Ormes |
State/Province | Quebec | Quebec | Alberta | Ontario | Centre |
No. of Employees | 602 | 753 | - | - | 227 |
Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Daniel Lafrance | Chairman | Executive Board | - | - |
Michel Letellier | Director; Chief Executive Officer; President | Executive Board | 2007 | - |
Yves Baribeault | Chief Legal Officer; Secretary | Senior Management | 2021 | - |
Alexandra Boislard-Pepin | Chief Human Resources Officer | Senior Management | - | - |
Jean Trudel | Chief Financial Officer - Acting | Senior Management | 2022 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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