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Innergex revenues rise 56%

Canadian developer banks strong Q3 on back of increased generation

Innergex revenues rise 56% image

Revenues at Canadian company Innergex increased by 56% to C$108m in the third quarter of the year, up from C$69m for the same period in 2016.

Adjusted EBITDA also rose by a similar mark to stand at C$81.8m for the quarter, up from the C$51m in the year-ago three months.

The increases on both counts is on the back of stronger power generation figures for the three months.

Innergex also attributed new commissioning, including the Mesgi’g Ugju’s’n wind farm and Upper Lillooet hydro facility, for the spike.

The results meanwhile confirmed the acquisition, announced earlier this year, of two wind farms totalling 43MW in the Champagne-Ardenne region of France. 

Image: Innergex

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