Sustainability Reporting Initiative
A growing and diversified portfolio of high-quality assets.
Our operating assets consist of facilities that generate renewable energy from hydro, wind and solar sources. We conduct operations in four countries on three continents.
In 2018, we supplied the equivalent of 686,198 households with clean, renewable energy1.
¹ Based on Innergex’s 2018 consolidated generation plus its share of the Joint Ventures and Associates in each country in which we operate, divided by the local average household consumption, with data from the World Energy Council (2014). Excluding HS Orka.
Installed Capacity and number of installations by country
As at November 19, 2019
Portfolio of Assets
Our assets are young with a weighted average age of: 7.2 Years
Weighted average remaining life of power purchase agreements (PPA): 16.1 Years1
1 Remaining weighted average life of PPAs, excluding projects under construction and in development, before consideration of renewal options. Excluding HS Orka.
As at September 30, 2019
Production in Relation to LTA
For each facility, the Corporation determines a long-term average annual level of electricity production (“LTA”) over the expected life of the facility, based on engineers’ studies that take into consideration a number of important factors. Although production will fluctuate from year to year, over an extended period it should approach the estimated LTA.
Production as a percentage of LTA1
1 Some facilities are treated as joint ventures and associates and accounted for using the equity method; their revenues are not included in the Corporation’s consolidated revenues and, for consistency’s sake, their electricity production figures have been excluded from the production table. For more information on the Corporation’s joint ventures and associates, please refer to the” Investments in Joint Ventures and Associates” section in the 2018 Annual Report. Excluding HS Orka.
2 Production and LTA reflect the 62% acquired interest in the Cartier Wind Farms for the period from October 24, 2018, to December 31, 2018. LTAs were revised at the acquisition.
3 Production and LTA for the period from February 6, 2018, to December 31, 2018.
Average Plant Availability Factor
This metric allows us to gauge the availability of our equipment to produce electricity. Reasons for facilities or components of facilities to be unavailable can include being offline for maintenance purposes, repairs or lack of energy source. For each energy sector we have a target of 95%.
Note: Includes the Corporation’s operating facilities as of December 31, 2018. Excluding HS Orka.
Note: Hydroelectric and solar facilities and some wind farms apply an energy-based availability factor, while some wind farms apply a time-based availability calculation.
Innergex’s policies are designed to guide the Corporation and its employees to ensure compliance in all aspects of its business. These policies ensure the sustainable growth of the Corporation through supporting employees with information-sharing and training, providing transparency with shareholders and the public, and clearly laying out the Corporation’s vision for ethical and acceptable behaviour. The policies are reviewed on an annual basis and updated accordingly.
Please note: On May 23, 2019, Innergex completed the sale of its wholly owned subsidiary Magma Energy Sweden A.B. which owns an equity interest of approximately 53.9% in HS Orka hf (“HS Orka”). The activities of HS Orka included two geothermal facilities, one hydro project in development and prospective projects in Iceland and are now treated as discontinued operations. As a result, they are not included in the Sustainability Reporting Initiative.