Innergex Renewable Energy Inc T.INE

Alternate Symbol(s): INGXF | T.INE.PR.A | T.INE.PR.C | T.INE.DB.B | T.INE.DB.C

Utilities Utilities - Independent Power Producers

Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets consisting of interests in 88 operating facilities with an aggregate net installed capacity of 3,375 MW (gross 4,328 MW), including 41 hydroelectric facilities, 35 wind facilities, nine solar facilities and three battery energy storage facilities. It also holds interests in 13 projects under development with a net installed capacity of 930 MW (gross 1,281 MW), three of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 9,912 MW.

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Innergex Renewable Energy Inc > Dividend cut necessary

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Comment by taysonon Feb 06, 2024 10:06am

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Post# 35865110

RE:RE:RE:RE:RE:Dividend cut necessary

The investment in INE does nothing to increase the reliable supply of energy, so your comment is off base. Not ony that, but their investment in INE must be at arms length and completely disconnected from their mandate to supply reliable energy, or it would put them in a conflict of interest (INE bids in to HQ calls for power). Having said that, I agree there may be factors beyond ROI that could drive HQ's willingness to rock the boat here, although many (all?) of these are nefarious.

tayson

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