Innergex Renewable Energy Inc. is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America, France and South America. While many of the firm's operational assets are located in its home province of Québec, it has expanded into Ontario, British Columbia, and Idaho, as well as Chile and France.

Business segments The company has four reportable segments: hydroelectric production, wind power production, solar power production, and site development and management. Through its energy production segments it sells electricity produced from its hydroelectric facilities, wind farms, and solar farms in operation to publicly owned entities. Through its site development and management segment, the company develops energy production facilities to the operational stage and then manages them.

Corporate history 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.

In 2004, Innergex joined forces with TransCanada Corporation to bid on a Hydro-Québec call for tender for 1,000 MW of wind power. The two companies set up a joint venture, Cartier Wind Energy, with Innergex holding a 38% stake. In 2005, Cartier signed 20-year power purchase agreements for 739.5 MW to be generated at six locations on the Gaspé Peninsula. Five of the six projects were built between 2006 and 2012, including the 211.5 MW Gros-Morne Wind Farm, which became Canada's largest at the time of its commissioning, in late 2012.

In 2018, Innergex acquired Alterra Power Corporation, which made the company the largest independent renewable energy producer in British Columbia and among the largest in Canada. Four years later, it acquired what was left of Llaima Energía (50%) & Aela Energía the at the moment largest green energy provider in MW terms in Chile

In February 2025, La Caisse announced a bid to buy Innergex Renewable Energy in deal valued at $10 billion. The acquisition was completed on July 21, 2025.

Power projects controlled by Innergex Renewable Energy Innergex currently operates 28 renewable energy generation facilities: 22 run-of-river hydro plants, five wind farms and one solar farm. These projects have a combined net capacity of 577 MW.

Operational power projects

Hydroelectric plants Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration Ashlu Creek 2009 49,9 100 BC Hydro 2039 Batawa 1999 5 100 Independent Electricity System Operator 2029 Brown Lake 2012 7,2 100 BC Hydro 2016 Chaudière 1999 24 100 Hydro-Québec 2019 Douglas Creek 2011 27 50 BC Hydro 2049 Fire Creek 2011 23 50 BC Hydro 2049 Fitzsimmons Creek 2010 7,5 66,7 BC Hydro 2050 Glen Miller 2005 8 100 Independent Electricity System Operator 2025 Horseshoe Bend 2003 9,5 100 Idaho Power 2030 Lamont Creek 2011 27 50 BC Hydro 2049 Miller Creek 2012 33 100 BC Hydro 2023 Montmagny 2000 2,1 100 Hydro-Québec 2021 Portneuf 1-2-3 1996 25,9 100 Hydro-Québec 2021 Rutherford Creek 2005 49,9 100 BC Hydro 2024 Saint-Paulin 1994 8 100 Hydro-Québec 2014 Stokke Creek 2011 22 50 BC Hydro 2049 Tipella Creek 2011 18 50 BC Hydro 2049 Umbata Falls 2008 23 49 Independent Electricity System Operator 2028 Upper Stave River 2011 33 50 BC Hydro 2049 Windsor 2004 5,5 100 Hydro-Québec 2016

Wind farms Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration Baie-des-Sables 2006 109,5 38 Hydro-Québec 2026 Carleton 2008 109,5 38 Hydro-Québec 2028 Gros-Morne 2011 211,5 38 Hydro-Québec 2032 L'Anse-à-Valleau 2007 100,5 38 Hydro-Québec 2027 Mesgi'g Ugju's'n Wind Farm 2016 149,3 50 Hydro-Québec 2037 Montagne Sèche 2011 58,5 38 Hydro-Québec 2031

Solar farms Name Commissioned Gross installed capacity (MW) Innergex's participation Client Expiration Stardale 2012 33,2 100 Independent Electricity System Operator 2032

See also

Independent power producers in British Columbia

References

External links