Innergex Renewable Energy Inc. is a developer, owner and operator of

run-of-river Run-of-river hydroelectricity (ROR) or run-of-the-river hydroelectricity is a type of hydroelectric generation plant whereby little or no water storage is provided. Run-of-the-river power plants may have no water storage at all or a limited amou ...

hydroelectric facilities,

wind energy Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity ...

, 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 The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

in 2003. In 2004, Innergex joined forces with

TransCanada Corporation TC Energy Corporation (formerly TransCanada Corporation) is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, ...

to bid on a

Hydro-Québec Hydro-Québec () is a Canadian Crown corporations of Canada#Quebec, Crown corporation public utility headquartered in Montreal, Quebec. It manages the electricity generation, generation, electric power transmission, transmission and electricity ...

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 The Gaspé Peninsula, also known as Gaspesia (, ; ), is a peninsula along the south shore of the St. Lawrence River that extends from the Matapedia Valley in Quebec, Canada, into the Gulf of St. Lawrence. It is separated from New Brunswick on it ...

. 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 Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

producer in British Columbia and among the largest in Canada. In 2022 Innergex 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, CDPQ announces a bid to buy Innergex Renewable Energy in deal valued at $10 billion.

Power projects controlled by Innergex Renewable Energy

Innergex currently operates 28

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

References

External links