Sustainability Reporting Initiative

Operating Assets

 

A growing and diversified portfolio of high-quality assets.

Our diverse and growing portfolio of operating assets consists of facilities that generate renewable energy from hydro, wind and solar sources. We conduct operations in four countries including Canada, the United States, France and Chile.

In 2019, we powered the equivalent of 850,490 households with clean, renewable energy¹

¹ Based on Innergex’s 2019 Production Proportionate in each country in which we operate, divided by the local average household consumption, with data from the World Energy Council (2014).

Portfolio of Assets

Our assets are young with a weighted average age of:
8.1 Years

Weighted average remaining life of power purchase agreements (PPA):
14.2 Years1

1 Remaining weighted average life of PPAs, excluding projects under construction and in development, before consideration of renewal options.

As at December 31, 2020

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.

Year Hydro Wind Solar
2019 97% 97% 99%
2018 96% 96% 99%
2017 93% 94% 99%
2016 97% 99% 96%

Note: Includes the Corporation’s operating facilities as of December 31, 2019. Consolidated numbers prorated based on the LTA of each facility. Does not include Chile.
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.

Policies

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. The policies relevant to this section include:

Please note: On May 23, 2019, the Corporation announced completion of 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, owner of two geothermal facilities in operation, one hydro project in development and prospective projects in Iceland. As a result, they are not included in this document.