Innergex Renewable Energy Inc T.INE.PR.A

Primary Symbol: T.INE Alternate Symbol(s): INGXF | 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 > Just to add more, their debt is too high

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Post by ecolo101on Feb 15, 2024 11:41am

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Post# 35881983

Just to add more, their debt is too high

So even if you promote the sale, it will be difficult because nobody would like to assume this high debt.
it leaves them with no option or minimum which is selling asset to reduce the debt, manage the cost , cut back on people, shrinking the asset to survive.

Sad for a business segment which is supposed to be the future. And they will say that they did not see this coming.... really,
now just watch the next quarter and the call to reduce the dividend, stock to dive even more.

glta

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