Innergex reports its 2017 fourth quarter and year-end results.

Innergex reports its 2017 fourth quarter and year-end results.

Innergex Renewable Energy Inc. released its operating and financial results for the fourth quarter and year ended December 31, 2017. “Our list of achievements in 2017 is impressive. In addition to having reached commercial operation at two major hydro projects in British Columbia, we have significantly increased our presence in France through acquisitions and we […]

Innergex completes $1.1 billion acquisition of Alterra Power.

Innergex completes $1.1 billion acquisition of Alterra Power.

Innergex Renewable Energy Inc. completed the previously disclosed acquisition of Alterra Power Corp. by way of an arrangement agreement pursuant to which Innergex acquired all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra’s debt. Innergex’s acquisition of Alterrra, its largest and most […]

Hydro-Québec praises enactment of hydropower legislation in Massachusetts.

Hydro-Québec praises enactment of hydropower legislation in Massachusetts.

Hydro-Québec praised the actions of Governor Baker and the Massachusetts legislature for enacting clean energy legislation that recognizes the important role of hydropower in the supply mix. The new measure is historic as it authorizes the purchase of significant quantities hydropower and the associated transmission needed to deliver it to customers for the first time […]

Alterra Power and Axium Infrastructure commission Jimmie Creek hydro project.

Alterra Power and Axium Infrastructure commission Jimmie Creek hydro project.

Alterra Power and funds managed by Axium Infrastructure announced the commencement of full commercial operations at the Jimmie Creek run-of-river hydroelectric project. The 62 MW Jimmie Creek project is now selling 100% of its renewable power under a 40-year energy purchase agreement with BC Hydro that expires in 2056. Alterra (51%) and Axium (49%) co-own […]

US invests $9.8bn in hydropower.

US invests $9.8bn in hydropower.

Funding worth $9.8 billion (£7.4bn) has been announced for hydropower projects in the US. They aim to develop innovative technologies that will reduce capital costs and deployment timelines for pumped-storage hydropower and non-powered dams. The Department of Energy estimates hydropower in the US could grow from 101GW to nearly 150GW of combined electricity generation and […]

50% Growth of US hydropower planned by the US Energy Department.

50% Growth of US hydropower planned by the US Energy Department.

A new report published by the US Department of Energy has hinted at a 50% growth in the country’s already impressive hydropower sector. In a new report published this week by the US Department of Energy (DOE), entitled Hydropower Vision: A New Chapter for America’s First Renewable Electricity Source, experts found that with continued technological advancements, […]

Federal Energy Regulatory Commission and the US Army Corps of Engineers sign hydropower MOU.

Federal Energy Regulatory Commission and the US Army Corps of Engineers sign hydropower MOU.

The Federal Energy Regulatory Commission (FERC) and the US Army Corps of Engineers (USACE) have signed a Memorandum of Understanding (MOU) to facilitate the development of hydropower at the USACE’s federal facilities by synchronizing each agency’s permitting process. Updating a previous MOU signed by the agencies in 2011, the new agreement offers project developers an […]

Tretheway Creek Hydro Project in British Columbia comes online.

Tretheway Creek Hydro Project in British Columbia comes online.

A private hydro project capable of providing electricity to 7,300 home annually was powered up north of Harrison Hot Springs this week. Energy Minister Bill Bennett and Chilliwack-Hope MLA Laurie Throness, along with representatives from Innergex Renewable Energy Inc., BC Hydro, Douglas First Nation and Sts’ailes were at the 21.2-megawatt run-of-river hydroelectric facility on Thursday […]

New HPPS boosting hydroelectric production in the US.

New HPPS boosting hydroelectric production in the US.

Hydroelectric generating capacity is on the rise with the construction of new power plants at dams along the Ohio River in West Virginia and Kentucky. The Intelligencer/Wheeling News-Register reports that enough new hydroelectricity to power up to 320,000 homes will come online this year. “These facilities will help insulate us from future carbon regulations and […]

Innergex’s Upper Lillooet Hydro awarded Hydro Power Deal of the Year.

Innergex’s Upper Lillooet Hydro awarded Hydro Power Deal of the Year.

Innergex Renewable Energy received the Hydro Power Deal of the Year award for the 106.7-MW Upper Lillooet Hydro Project, given by World Finance magazine. According to a press release, financing for the Upper Lillooet Hydro Project near Pemberton, British Columbia, “is exceptional by virtue of its size at almost CAD 500m, and should be considered even more […]

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