🌱 Focused on Greenfield Development: Rather than acquiring existing assets, Innergex aims to grow its footprint through greenfield development and organic growth.
🔄 Strategic Capital Raising by Selling Non-Controlling Stakes: To fund this growth, Innergex will raise capital by selling non-controlling stakes in matured operational assets. This approach allows the company to self-fund organic investments, ensuring sustainable growth.
💼 Recent Strategic Action: Implementing this strategy, Innergex sold a minority interest in an 826 MW renewable portfolio, comprising two wind farms and one solar farm in Texas, to Irradiant Partners for an equity value of $188mn. Despite this sale, Innergex retains the remaining stake and operational control.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
Click to know more about Enerdatics' Renewable Energy M&A, Finance, PPA, and Projects databases.
