Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Innergex Renewable Energy Inc. (T:INE)

Business Focus: Wind Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEDAR
Company Contact
Address: 1225 Saint-Charles St W
Tel: N/A
IR: See website
Key People
Michel Letellier
President, Chief Executive Officer, Non-independent Director
Pascale Tremblay
Chief Asset Officer
Jean-Francois Neault
Chief Financial Officer
Alexandra Boislard-Pepin
Chief Human Resources Officer
Renaud De Batz De Trenquellon
Senior Vice President - Latin America
Jay Sutton
Senior Vice President - Construction and Engineering
Jean Trudel
Chief Investment and Development Officer
Niko Nikolaidis
Vice President - Investments and Financing
Colleen Giroux-schmidt
Vice President - Corporate Relations
Matthew Kennedy
Vice President - Environment
Business Overview
Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company has three operating segments: hydroelectric power generation; wind power generation and solar power generation. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. It owns interests in approximately 40 hydroelectric facilities, 32 wind farms and eight solar farms. It owns and operates approximately 80 facilities in commercial operation. The Company's geographic segments include Canada, the United States, France and Chile.
Financial Overview
For the six months ended 30 June 2022, Innergex Renewable Energy Inc revenues increased 13% to C$408.5M. Net loss applicable to common stockholders decreased 65% to C$62.4M. Revenues reflect Hydroelectric Power Generation segment increase of 62% to C$166M, Wind Power Production segment increase of 1% to C$191.5M, Chile segment increase from C$6M to C$39.5M, Canada segment increase of 8% to C$219.3M.
Employees: 488 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $9,204M as of Jun 30, 2022
Annual revenue (TTM): $795.42M as of Jun 30, 2022
EBITDA (TTM): $543.23M as of Jun 30, 2022
Net annual income (TTM): -$83.96M as of Jun 30, 2022
Free cash flow (TTM): $18.02M as of Jun 30, 2022
Net Debt Last Fiscal Year: $5,443M as of Jun 30, 2022
Shares outstanding: 204,116,917 as of Aug 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization