When was Innergex founded?

Innergex was founded in 1990 and raised its 1st funding round 17 years after it was founded.

Where is Innergex located?

Innergex is headquartered in Longueuil, Canada.

How many employees does Innergex have?

As of Jul 01, 2024, the latest employee count at Innergex is 324.

Is Innergex a funded company?

Innergex is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Dec 06, 2007.

When was the latest funding round of Innergex?

Innergex's latest funding was a $***** Post IPO round on Feb 22, 2022, with participation from 1 investor.

Where does Innergex rank among its competitors?

Innergex ranks 5th amongst 45 active competitors, of which 7 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was EDP Renewables, which secured $564K in Feb, 2023.

Who are the top competitors of Innergex?

Innergex's top competitors include Acciona Energy, EDP Renewables and Boralex. Among them, EDP Renewables secured the most recent funding round in February, 2023.

Innergex - 2026 Company Profile, Funding & Competitors

Q: Is Innergex an acquired company?

Innergex got acquired by CDPQ on Feb 24, 2025.

Company Details

Innergex is a renewable energy-based independent power producer that develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms.

Website: www.innergex.com/en
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Key Metrics

Founded Year

1990

Location

Longueuil, Canada

Stage

Acquired

Latest Funding Round

Post IPO, Feb 22, 2022, $*****

Investors

Birch Hill Equity Partners & 3 more

Ranked

5^th among 45 active competitors

Employee Count

324 as on Jul 01, 2024

Investment & Acquisitions

Aela Energia & 2 more

Similar Companies

Solstice & 294 more

Exit Details

Acquired by CDPQ (Feb 24, 2025)

View Innergex's full profile

Innergex is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Alterra Power Corp. CIN: 1689240 , United States, Active		$25M - $100M (As on Nov 09, 2016)	-	-

Innergex got acquired by CDPQ on Feb 24, 2025 at an acquisition amount of $*****.

Click here to take a look at Innergex's acquisition in detail

Innergex has raised funding over 6 rounds. Its first funding round was on Dec 06, 2007. Its latest funding round was a Post IPO round on Feb 22, 2022 for $*****. 1 investor participated in its latest round. Innergex has 4 institutional investors.

Here is the list of recent funding rounds of Innergex:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 22, 2022	5263528	Post IPO	8271881	8402041	1902161	7207186
Sep 03, 2021	6881790	Post IPO	5232664	7547296	5913904	5681184
Jun 12, 2018	7027079	Post IPO	5980526	5868332	7311472	5753221

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View details of Innergex's funding rounds and investors

Innergex's employee count trend

Innergex has 324 employees as of Jul 24. Here is Innergex's employee count trend over the years:

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Top competitors of Innergex include Acciona Energy, EDP Renewables and Boralex. Here is the list of Top 10 competitors of Innergex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Acciona Energy 1997, Madrid (Spain), Public	Provider of renewable energy solutions	$567M	KKR, Triodos Investment Management & 3 others	70/100
2nd	EDP Renewables 2007, Madrid (Spain), Public	Generation of wind power	-	Citi, Shareholder Value Management & 1 others	69/100
3rd	Boralex 1982, Kingsey Falls (Canada), Public	Developer of renewable energy projects	-	Energy Infrastructure Partners, CIC & 4 others	64/100
4th	BluEarth Renewables 2010, Calgary (Canada), Acquired	Developer of renewable energy facilities and provider of operating support	$81M	Ontario Teachers' Pension Plan, ARC Financial	61/100
5th	Innergex 1990, Longueuil (Canada), Acquired	Renewable energy based IPP	-	Birch Hill Equity Partners, iA Capital Markets ... & 2 others	60/100
6th	Northland Power 1987, Toronto (Canada), Public	Provider of solar energy power producer	-	-	57/100
7th	Exelon 2000, Chicago (United States), Public	Provider of energy services with an electric and natural gas distribution	-	Ideocolab, Integra Holdings & 1 others	56/100
8th	TerraForm Power 2014, New York City (United States), Acquired	Leading renewable energy provider with wind, solar, and storage assets	$335M	Capricorn	52/100
9th	OPG Power Ventures 2008, Toronto (Canada), Public	Developers and operators of power plants	-	-	49/100
10th	JCM Power 2009, Toronto (Canada), Series B	Independent renewable energy power producer	$15.1M	STOA, Swedfund & 2 others	49/100

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Looking for more details on Innergex's competitors? Click here to see the top ones

Innergex has acquired 3 companies including Aela Energia, Energia Llaima and Alterra Power. Innergex has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 04, 2022	Acquisition	Aela Energia	2013	Las Condes (Chile)
Jun 30, 2021	Acquisition	Energia Llaima	2010	Las Condes (Chile)
Oct 30, 2017	Acquisition	Alterra Power	2008	Vancouver (Canada)