Innergex Renewable Energy Inc. (T:INE*CA)

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
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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: $8,174M 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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