| Type | Public |
|---|---|
| Traded as | TSX: INE |
| Industry | Electric generation |
| Genre | Independent Power Producer |
| Founded | 1990 |
| Founder(s) | Gilles Lefrançois |
| Headquarters | Longueuil, Québec, Canada |
| Key people | Michel Letellier, President & CEO Jean La Couture, Chairman |
| Revenue | C$25.28m |
| Net income | C$(15.33)m |
| Total assets | C$444.64m |
| Total equity | C$183.27m |
| Website | www.innergex.com |
Innergex Renewable Energy is a developer, owner and operator of run-of-river hydroelectric facilities and wind energy projects in North America. While most of the firm's operational assets are located in its home province of Québec, it has expanded into Ontario, British Columbia, and Idaho.
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The Company has three reportable segments: hydroelectric production, wind power production, and site development and management. Through its hydroelectric production and wind power production segments it sells electricity produced from its hydroelectric facilities and wind farms in operation to publicly-owned entities. Through its site development and management segment, the Company develops the hydroelectric facilities and wind farms to the operational stage and then manages them.
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.
Innergex currently operates 17 renewable energy generation facilities: 14 run-of-river hydro plants and three wind farms. These projects have a combined generation capacity of 326MW.
Innergex has three projects (all wind farms) currently under construction, which it expects to be operational in 2011/12.
| Name | Location | Fuel Source | Capacity (MW) | Commissioned | Ref |
|---|---|---|---|---|---|
| Ashlu Creek | British Columbia | Hydro | 49.9 | 2009 | [1] |
| Baie-des-Sables | Québec | Wind | 109.5 | 2006 | [1] |
| Batawa | Ontario | Hydro | 5 | 1999 | [1] |
| Carlton | Québec | Wind | 120 | 2008 | [1] |
| Chaudière | Québec | Hydro | 24 | 1999 | [1] |
| Fitzsimmons Creek | British Columbia | Hydro | 7.5 | 2010 | [1] |
| Glen Miller | Ontario | Hydro | 8 | 2005 | [1] |
| Horseshoe Bend | Idaho | Hydro | 9.5 | 2003 | [1] |
| L'Anse-à-Valleau | Québec | Wind | 100.5 | 2007 | [1] |
| Montmagny | Québec | Hydro | 2.1 | 2000 | [1] |
| Portneuf 1-2-3 | Québec | Hydro | 25.9 | 1996 | [1] |
| Rutherford Creek | British Columbia | Hydro | 49.9 | 2001 | [1] |
| Saint-Paulin | Québec | Hydro | 8 | 1994 | [1] |
| Umbata Falls | Ontario | Hydro | 23 | 2008 | [1] |
| Windsor | Québec | Hydro | 5.5 | 1996 | [1] |