Innergex Renewable Energy Inc. (TSX:INE) News and Share PriceEnergy
Innergex Renewable Energy Inc. is a Canada-based renewable power producing company with global operations in the United States, Chile and France.
It owns, develops, acquires and operates hydroelectricity plants, Solar farms and wind farms. The company focuses on the environment, the interest of communities and investors as part of its principal development strategy. With nearly 76 units under its operations, the total installed capacity is 3701 MW power.
The company operates as an independent renewable energy producer in Canada, following its inception in 1990. It has also commissioned multiple hydroelectric and wind facilities in Quebec, British Columbia and Ontario.
Initially founded as Innergex, the company was renamed Innergex Renewable Energy Inc in 2010. With a focus on Environment, Social and Governance (ESG) standards, the company is said to invest in long-term return strategies to ensure sustainable development.
The energy firm has undertaken various acquisitions, including Walden North hydroelectric facility and wind farms in France and British Columbia.
The company has installed thirty-three hydroelectricity plants, eight wind energy farms and one Solar energy unit in Canada so far.
It operates one Hydroelectricity plant, nine wind energy farms and three Solar energy-producing units in the United States.
The Canadian energy company also has around sixteen wind energy farms in France and five Hydro and solar energy plants in Chile. The company claims that, on average, Power Purchase Agreements (PPA) will have a life span of 14.2 years beginning December 2020, except for the projects under development. The company’s diversified portfolio also included young assets with a weighted average of 8.1 years.
The company reportedly contributes to 14 out of 17 Sustainable Development Goals. Future governance objectives involve optimization of current operations, expansion in Canada and other existing locations, gain expertise in its technology and diversify assets.
The company also claims to develop and acquire units, which are attractive and provide a risk-adjusted return on invested capital.
Information related to stock price, financial reports, sustainable initiatives etc., are available on the official website.
1225 Saint-Charles Street West, 10th Floor, Longueuil, Quebec J4K 0B9 Canada