Innergex Renewable Energy Inc. (INE), a leader in renewable energy, has reported a productive first quarter in 2024, with a strong focus on expanding its footprint in the Canadian market. The company saw improved generation in Q1, achieving 96% of its Long-Term Average (LTA) and has maintained a disciplined growth strategy with a diverse portfolio of hydro, wind, solar, and battery storage projects.
With a significant presence in Quebec, British Columbia, and Ontario, Innergex is well-positioned to capitalize on the growing demand for renewable energy in Canada. The company also reported a robust financial performance, with adjusted EBITDA proportionate at $171 million and free cash flow of $42.2 million.
Key Takeaways
- Innergex’s production reached 96% of LTA in Q1 2024, an improvement from the previous year’s 87%.
- The company is focusing on sustainable growth in its main markets, with a notable presence in Canada.
- Innergex is exploring…
