Innergex Renewable Energy Inc. (T:INE)
Business Focus: Wind Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | 1225 Saint-Charles St W LONGUEUIL QC J4K 0B9 |
| Tel: | N/A |
| Website: | https://www.innergex.com |
| IR: | See website |
| Key People | ||
| Michel Letellier President, Chief Executive Officer, Non-independent Director | Jean Trudel Chief Financial Officer | Alexandra Boislard Pepin Chief Human Resources Officer |
| Renaud De Batz De Trenquellon Senior Vice President - Latin America | Niko Nikolaidis Vice President - Investments and Financing | Colleen Giroux-Schmidt Vice President - Corporate Relations |
| Matthew Kennedy Vice President - Environment | Pascale Tremblay Chief Asset Officer | Yves Dean Baribeault Chief Legal Officer and Secretary |
| 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 produces and sells electricity generated by its hydroelectric, wind and solar facilities to publicly owned utilities or other creditworthy counterparties. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It manages a portfolio of assets consisting of interests in 85 operating facilities with a net installed capacity of approximately 3,676 MW (gross 4,226 MW), including 40 hydroelectric facilities, 35 wind farms, nine solar farms, and one battery energy storage facility. It also holds interests in approximately 13 projects under development and several prospective projects at different stages of development. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Innergex Renewable Energy Inc revenues increased 11% to C$1.04B. Net loss applicable to common stockholders increased 19% to C$104.1M. Revenues reflect Wind Power Production segment increase of 28% to C$536.2M, Solar Power Generation segment increase of 30% to C$147.1M, United States segment increase of 41% to C$323.3M, France segment increase of 36% to C$125.6M. |
| Employees: | 602 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $8,135M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,042M as of Dec 31, 2023 |
| EBITDA (TTM): | $712.38M as of Dec 31, 2023 |
| Net annual income (TTM): | -$104.08M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$537.35M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,128M as of Dec 31, 2023 |
| Shares outstanding: | 203,759,634 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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