Sustainability Reporting Initiative
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).
Installed Capacity and number of installations by country
As at May 12, 2020
Portfolio of Assets
Our assets are young with a weighted average age of: 7.3 Years
Weighted average remaining life of power purchase agreements (PPA): 15.1 Years1
1 Remaining weighted average life of PPAs, excluding projects under construction and in development, before consideration of renewal options.
As at March 31, 2020
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, their electricity production figures have been excluded from the production table.
2 Production and LTA reflect the 62% acquired interest in the Cartier Wind Farms on October 24, 2018. LTAs were revised at the acquisition.
3 Foard City wind farm’s production and LTA for the period of September 27, 2019 to December 31, 2019.
4The Phoebe solar project was commissioned on November 19, 2019. Before that date, blocks of modules gradually produced energy. LTAs during the gradual production period were equivalent to production; since commissioning, regular LTAs are used.
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.
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.
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.