Table of Contents
Table of Contents 2
List of Tables 5
Company Snapshot 7
Key Information 7
Company Overview 7
SWOT Snapshot 7
Operational Metrics 8
Innergex Renewable Energy Inc, Operational Metrics, By Capacity 8
Innergex Renewable Energy Inc, Operational Metrics, By Generation 8
Innergex Renewable Energy Inc, Wind Farms 9
Innergex Renewable Energy Inc, Wind Farms, United States 9
Innergex Renewable Energy Inc, Solar PV Parks 14
Innergex Renewable Energy Inc, Solar PV Parks, United States 14
Innergex Renewable Energy Inc, Hydro Power Plants 15
Innergex Renewable Energy Inc, Hydro Power Plants, Canada 15
Business Description 20
Business Overview 20
Hydroelectric Generation 20
Overview 20
Site Development 20
Overview 20
Solar Power Generation 20
Overview 20
Wind Power Generation 20
Overview 20
Major Products and Services 21
History 22
SWOT Analysis 27
Overview 27
Innergex Renewable Energy Inc Strengths 27
Power Purchase Agreements 27
Business Performance: Hydroelectric Generation 27
Business Performance: Wind Power Generation 27
Innergex Renewable Energy Inc Weaknesses 28
Increasing Debt Burden 28
Innergex Renewable Energy Inc Opportunities 28
Acquisition of Alterra Power 28
Favorable Conditions: Canada 28
Renewable Energy Production Incentives: the US 28
Innergex Renewable Energy Inc Threats 28
Dependence on a Few customers 28
Project Associated Risks 28
Operational Issues 29
Financial Ratios – Capital Market Ratios 30
Financial Ratios – Annual Ratios 30
Financial Ratios – Interim Ratios 32
Key Employees 33
Key Employee Biographies 34
Company Statement 35
Locations And Subsidiaries 37
Head Office 37
Other Locations & Subsidiaries 37
Financial Deals Landscape 39
Innergex Renewable Energy Inc, Deals Summary 39
Innergex Renewable Energy Inc, Power, Deal Details 42
Asset Transactions 42
Innergex Renewable Energy to Acquire 62% Stake in Cartier Wind Power Facilities in Quebec, Canada from TransCanada for USD484.2 Million 42
Innergex Renewable Energy Acquires Phoebe Solar Power Plant in Texas, US from Longroad Energy Partners 44
Innergex Renewable Energy Acquires Remaining Stake in Three Hydro Power Plants in British Columbia, Canada from Ledcor Power 45
Innergex Renewable Energy and Energia Llaima to Acquire Peuchen and Mampil Hydro Power Plants in Chile for USD210 Million 46
Alterra Power Acquires Jawbone Wind Project in Kern County, US from Jawbone Wind Energy 48
Innergex Renewable Energy and Desjardins Group Pension Plan Acquires Two Wind Projects in France from BayWa r.e 49
Innergex Renewable Energy and Desjardins Group Pension Acquire Three Wind Farms in France from Velocita Energy Developments for USD55.6 Million 51
Alterra Power Acquires Boswell Springs Wind Power Plant in Wyoming, US from Intermountain Wind 53
Innergex Renewable Energy Completes Acquisition of 69.55% Interest in Yonne Wind Farm in Northern France from wpd europe for USD37.3 Million 54
Innergex Renewable Energy Acquires 69.55% Interest in Two Wind Power Projects in Nouvelle-Aquitaine, Paris, France from BayWa r.e. renewable energy 55
Alterra Power to Acquire 80% Interest in Two Solar Power Projects in US from Inovateus Solar 57
Alterra Power Acquires Flat Top Wind Project in Texas, US from Pioneer Green Energy and Lavaca Wind 58
Innergex Renewable Energy Acquires Seven Operating Wind Power Projects in France from wpd europe for USD67.6 Million 59
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 61
Alterra Power to Acquire Four Hydro Power Projects in British Columbia, Canada from Sigma Engineering 62
Alterra Power Acquires Shannon Wind Project In Texas From Horn Wind 63
Alterra Power To Acquire Remaining 49% Interest In Upper Toba Valley From GE Energy Financial Services 64
General Electric And Alterra Power Acquire Belmont Solar Power Plant In Ontario, Canada From First Solar 65
General Electric And Alterra Power Acquire Walpole Solar Power Plant In Ontario, Canada From First Solar 66
General Electric And Alterra Power Acquire Amherstburg Solar Power Plant In Ontario, Canada From First Solar 67
Alterra Power To Acquire Portfolio Of Wind Power Plants From English Bay Energy In British Columbia, Canada 68
Innergex Renewable Energy Completes Project Financing of USD292 Million for Phoebe Solar Power Plant in Texas, US 69
Alterra Power and Inovateus Solar Complete Project Financing of USD10.2 Million for Spartan Solar Project in Michigan, US 70
Alterra Power Completes Project Financing for Bruarvirkjun Hydro Project and Reykjanes Geothermal Project in Iceland 71
Alterra Power and BlackRock Real Assets Complete Project Financing for Flat Top Wind Project in Central Texas, US 72
Alterra and Inovateus Solar Complete Project Financing of USD8.9 Million for Kokomo Solar Project in Kokomo, Indiana, US 73
Alterra Power and Starwood Energy Complete Project Financing of USD281.8 Million for Shannon Wind Project in Texas, US 74
Innergex Renewable Energy Completes Project Financing of USD160.6 Million for Big Silver Shovel Creek Hydroelectric Project in British Columbia, Canada 75
Innergex Completes Project Financing Of US$50.3 Million For Refinancing Of Carleton Wind Farm In Quebec, Canada 76
Innergex Renewable Completes Project Financing Of US$418.7 Million For Acquisition Of Miller Creek And Brown Lake Hydro Power Plants From Capital Power 77
Sea Breeze Power Announces Acquisition Of Cape Scott Wind Farm In Vancouver Island, Canada 78
Alterra Power and BlackRock Real Assets Complete Tax Equity Financing of USD211.3 Million for Flat Top Wind Project in Central Texas, US 79
Alterra Power and Inovateus Solar Complete Tax Equity Financing of USD9.7 Million for Spartan Solar Project in Michigan, US 80
Partnerships 81
Innergex Renewable Energy Forms Partnership with Societe Environnement Mineraux and DRC 81
Alterra Power to Form Partnership with Klahoose First Nation 82
Innergex Renewable Energy forms Partnership with In-SHUCK-ch Nation for Development of Hydro Power Projects 83
Alterra Power Forms Joint Venture With Energy Development 84
Innergex Renewable Energy And Saik’uz First Nation Forms Partnership To Develop Wind Farm 85
Alterra Power To Form Joint Venture With Graziella Green Power 86
Alterra Power To Form Joint Venture With Greenbriar Capital 87
Equity Offering 88
Alterra Power Raises USD30.6 Million in Public Offering of Shares 88
Alterra Power Raises USD21 Million in Private Placement of Shares 90
Innergex Renewable Energy Raises USD38.4 Million in Private Placement of Shares 92
Innergex Renewable Energy Completes Public Offering Of Preferred Shares For US$50 Million 94
Innergex Renewable Energy Raises USD121.3 Million in Private Placement of Shares 96
Debt Offering 98
Innergex Renewable Energy Raises USD117.3 Million in Public Offering of 4.75% Debentures Due 2025 98
Innergex Renewable Raises USD77 Million in Public Offering of 4.25% Debentures Due 2020 100
Asset Transactions 102
BlackRock Real Assets Acquires 49% Stake in Flat Top Wind Project in Central Texas, US from Alterra Power 102
Cyrq Energy Completes Acquisition of Soda Lake Geothermal Power Project in Nevada, US from Alterra Power for USD8.5 Million 103
Fiera Axium Infrastructure Acquires 49% Interest In Jimmie Creek Hydro Project In British Columbia From Alterra Power 104
Fiera Axium Western Energy Acquires 25.5% Interest In Dokie 1 Wind Farm From Alterra Power For US$26.9 Million 105
Alterra Power Sells 10% Interest In Amherstburg Solar Farm I To Fiera Axium Infrastructure Led Consortium 106
Alterra Power Sells 10% Interest In Belmont Solar Farm To Fiera Axium Infrastructure Led Consortium 107
Finavera Wind Energy To Sell Wildmare Wind Energy Project In Vancouver, British Columbia 108
Acquisition 109
Innergex Renewable Energy Completes Acquisition of 50% Stake in Energia Llaima for USD110 Million 109
Innergex Renewable Completes Acquisition of Alterra Power for USD858.3 Million 110
Greenbriar Capital Completes Acquisition of Joint Venture Interest in AG Solar One from Alterra Power for USD1.2 Million 112
Appendix 113
Report Scope 113
GlobalData Coverage 113
Benchmarking 113
GlobalData’s Methodology 113
Secondary Research 113
Primary Research 114
Contact Us 114
Disclaimer 114
Innergex Renewable Energy Inc, Key Facts 7
Innergex Renewable Energy Inc, Operational Metrics, Capacity 8
Innergex Renewable Energy Inc, Operational Metrics, Generation 8
Innergex Renewable Energy Inc, Wind Farms, United States 9
Innergex Renewable Energy Inc, Solar PV Parks, United States 14
Innergex Renewable Energy Inc, Hydro Power Plants, Canada 15
Major Products and Services 21
Innergex Renewable Energy Inc, SWOT Analysis 27
Innergex Renewable Energy Inc, Ratios based on current share price 30
Innergex Renewable Energy Inc, Annual Ratios 30
Innergex Renewable Energy Inc, Interim Ratios 32
Innergex Renewable Energy Inc, Key Employees 33
Innergex Renewable Energy Inc, Other Locations 37
Innergex Renewable Energy Inc, Subsidiaries 37
Innergex Renewable Energy Inc, Deals Summary 39
Innergex Renewable Energy to Acquire 62% Stake in Cartier Wind Power Facilities in Quebec, Canada from TransCanada for USD484.2 Million 42
Innergex Renewable Energy Acquires Phoebe Solar Power Plant in Texas, US from Longroad Energy Partners 44
Innergex Renewable Energy Acquires Remaining Stake in Three Hydro Power Plants in British Columbia, Canada from Ledcor Power 45
Innergex Renewable Energy and Energia Llaima to Acquire Peuchen and Mampil Hydro Power Plants in Chile for USD210 Million 46
Alterra Power Acquires Jawbone Wind Project in Kern County, US from Jawbone Wind Energy 48
Innergex Renewable Energy and Desjardins Group Pension Plan Acquires Two Wind Projects in France from BayWa r.e 49
Innergex Renewable Energy and Desjardins Group Pension Acquire Three Wind Farms in France from Velocita Energy Developments for USD55.6 Million 51
Alterra Power Acquires Boswell Springs Wind Power Plant in Wyoming, US from Intermountain Wind 53
Innergex Renewable Energy Completes Acquisition of 69.55% Interest in Yonne Wind Farm in Northern France from wpd europe for USD37.3 Million 54
Innergex Renewable Energy Acquires 69.55% Interest in Two Wind Power Projects in Nouvelle-Aquitaine, Paris, France from BayWa r.e. renewable energy 55
Alterra Power to Acquire 80% Interest in Two Solar Power Projects in US from Inovateus Solar 57
Alterra Power Acquires Flat Top Wind Project in Texas, US from Pioneer Green Energy and Lavaca Wind 58
Innergex Renewable Energy Acquires Seven Operating Wind Power Projects in France from wpd europe for USD67.6 Million 59
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 61
Alterra Power to Acquire Four Hydro Power Projects in British Columbia, Canada from Sigma Engineering 62
Alterra Power Acquires Shannon Wind Project In Texas From Horn Wind 63
Alterra Power To Acquire Remaining 49% Interest In Upper Toba Valley From GE Energy Financial Services 64
General Electric And Alterra Power Acquire Belmont Solar Power Plant In Ontario, Canada From First Solar 65
General Electric And Alterra Power Acquire Walpole Solar Power Plant In Ontario, Canada From First Solar 66
General Electric And Alterra Power Acquire Amherstburg Solar Power Plant In Ontario, Canada From First Solar 67
Alterra Power To Acquire Portfolio Of Wind Power Plants From English Bay Energy In British Columbia, Canada 68
Innergex Renewable Energy Completes Project Financing of USD292 Million for Phoebe Solar Power Plant in Texas, US 69
Alterra Power and Inovateus Solar Complete Project Financing of USD10.2 Million for Spartan Solar Project in Michigan, US 70
Alterra Power Completes Project Financing for Bruarvirkjun Hydro Project and Reykjanes Geothermal Project in Iceland 71
Alterra Power and BlackRock Real Assets Complete Project Financing for Flat Top Wind Project in Central Texas, US 72
Alterra and Inovateus Solar Complete Project Financing of USD8.9 Million for Kokomo Solar Project in Kokomo, Indiana, US 73
Alterra Power and Starwood Energy Complete Project Financing of USD281.8 Million for Shannon Wind Project in Texas, US 74
Innergex Renewable Energy Completes Project Financing of USD160.6 Million for Big Silver Shovel Creek Hydroelectric Project in British Columbia, Canada 75
Innergex Completes Project Financing Of US$50.3 Million For Refinancing Of Carleton Wind Farm In Quebec, Canada 76
Innergex Renewable Completes Project Financing Of US$418.7 Million For Acquisition Of Miller Creek And Brown Lake Hydro Power Plants From Capital Power 77
Sea Breeze Power Announces Acquisition Of Cape Scott Wind Farm In Vancouver Island, Canada 78
Alterra Power and BlackRock Real Assets Complete Tax Equity Financing of USD211.3 Million for Flat Top Wind Project in Central Texas, US 79
Alterra Power and Inovateus Solar Complete Tax Equity Financing of USD9.7 Million for Spartan Solar Project in Michigan, US 80
Innergex Renewable Energy Forms Partnership with Societe Environnement Mineraux and DRC 81
Alterra Power to Form Partnership with Klahoose First Nation 82
Innergex Renewable Energy forms Partnership with In-SHUCK-ch Nation for Development of Hydro Power Projects 83
Alterra Power Forms Joint Venture With Energy Development 84
Innergex Renewable Energy And Saik'uz First Nation Forms Partnership To Develop Wind Farm 85
Alterra Power To Form Joint Venture With Graziella Green Power 86
Alterra Power To Form Joint Venture With Greenbriar Capital 87
Alterra Power Raises USD30.6 Million in Public Offering of Shares 88
Alterra Power Raises USD21 Million in Private Placement of Shares 90
Innergex Renewable Energy Raises USD38.4 Million in Private Placement of Shares 92
Innergex Renewable Energy Completes Public Offering Of Preferred Shares For US$50 Million 94
Innergex Renewable Energy Raises USD121.3 Million in Private Placement of Shares 96
Innergex Renewable Energy Raises USD117.3 Million in Public Offering of 4.75% Debentures Due 2025 98
Innergex Renewable Raises USD77 Million in Public Offering of 4.25% Debentures Due 2020 100
BlackRock Real Assets Acquires 49% Stake in Flat Top Wind Project in Central Texas, US from Alterra Power 102
Cyrq Energy Completes Acquisition of Soda Lake Geothermal Power Project in Nevada, US from Alterra Power for USD8.5 Million 103
Fiera Axium Infrastructure Acquires 49% Interest In Jimmie Creek Hydro Project In British Columbia From Alterra Power 104
Fiera Axium Western Energy Acquires 25.5% Interest In Dokie 1 Wind Farm From Alterra Power For US$26.9 Million 105
Alterra Power Sells 10% Interest In Amherstburg Solar Farm I To Fiera Axium Infrastructure Led Consortium 106
Alterra Power Sells 10% Interest In Belmont Solar Farm To Fiera Axium Infrastructure Led Consortium 107
Finavera Wind Energy To Sell Wildmare Wind Energy Project In Vancouver, British Columbia 108
Innergex Renewable Energy Completes Acquisition of 50% Stake in Energia Llaima for USD110 Million 109
Innergex Renewable Completes Acquisition of Alterra Power for USD858.3 Million 110
Greenbriar Capital Completes Acquisition of Joint Venture Interest in AG Solar One from Alterra Power for USD1.2 Million 112
