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.
Headquarters
Canada
Address
1225 Saint-Charles St W, Longueuil, Quebec, J4K0B9
Website
www.innergex.com
Telephone
1 450 9282550
No of Employees
602
Industry
Alternative Energy
Ticker Symbol & Exchange
INE (TSE)
Revenue (2022)
$771.9M
11.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.6%
(2022 vs 2021)
Market Cap*
$1.2B
Net Profit Margin (2022)
XYZ
-8.3%
(2022 vs 2021)
* As of and is in US$
Innergex Renewable Energy Inc premium industry data and analytics
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 |
|---|---|---|
| 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. |
| 2023 | Asset Purchase | In January, the company acquired the Sault Ste Marie solar portfolio in Canada from Fengate Asset Management. |
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 | - |
| Pascale Tremblay | Chief Assets Officer | Senior Management | 2021 | - |
| Alexandra Boislard-Pepin | Chief Human Resources Officer | Senior Management | - | - |
| 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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