Sustainability Reporting Initiative

Strategic Plan

 

A clear set of goals guides our every decision.

In 2015, the executive and Board of Directors launched the Corporation’s five-year vision for the sustainable growth of the Corporation by capitalizing on the successes achieved through the previous plan. With a focus on consolidating our leadership position in Canada and endeavouring to expand our presence in international markets, the Innergex team actively embraced the challenges of taking the Corporation into a new and growth-oriented direction.

 

The plan focused on four main goals:

  • Remain exclusively in renewable energy
  • Maintain diversification of energy sources
  • Consolidate leadership position in Canada
  • Develop an international presence in target markets

Achievements

Staying true to our values and commitments has enabled us to successfully achieve the goals laid out in the strategic plan. While we are proud of our achievements, we remain resolute in continuing on our path of growth.

Achievements

Goal Achievements
Remain exclusively in renewable energy Production derived exclusively from renewable energy: Hydroelectricity, Wind, Solar.
Maintain diversification of energy sources Added 11 hydro, 19 wind, and three solar facilities to our portfolio of assets.
Consolidate leadership position in Canada Acquired TransCanada’s remaining interests in Cartier wind farms; acquired Ledcor’s remaining interests in three hydro facilities; and acquired four facilities as part of our acquisition of Alterra Power Corp.
Develop an international presence in target markets Increased our presence in the United States; gained a foothold in France with multiple wind facility acquisitions; and established a foothold in the South American market with an investment in Chile.

Since the implementation of the strategic plan, Innergex added 33 new operating facilities to our portfolio of assets adding 1,699 MW to our gross installed capacity.

Facilities Added since 2015

Country Hydro Wind Solar
Canada 8 2
United States 2 2
France 15
Chile 3 1

Innergex continues to fulfill its commitment to remain exclusively focused on renewable energy generation while increasing the diversification of our energy resources. Our leadership position in Canada has been strengthened and we have gained strategic footholds in growing international markets.

These significant achievements have laid the foundations for our future growth that will be outlined in the next Strategic Plan.

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.