Innergex Renewable Energy: A Strong Finish to 2024, Setting the Stage for Growth
Wednesday, Jan 15, 2025 3:25 pm ET
1min read 
Innergex Renewable Energy Inc. (TSX: INE) has announced that it will release its 2024 Fourth Quarter and year-end financial results on Wednesday, February 19, 2025. The company will also hold a conference call and webcast to discuss the results on Thursday, February 20, 2025, at 9 AM (EST). This article will provide an overview of the key takeaways from the conference call and webcast, as well as the company's performance in 2024.
1. Financial Results:
* Innergex will release its 2024 Fourth Quarter and year-end financial results on Wednesday, February 19, 2025.
* The conference call and webcast to discuss the results will take place on Thursday, February 20, 2025, at 9 AM (EST).
2. Growth and Expansion:
* Innergex has been expanding its energy production in British Columbia through partnerships with Indigenous partners.
* The company has inked power deals for wind projects in the region, which will contribute to its growth.
3. Strategic Moves:
* Innergex has strategically reduced its dividend and up-financed hydro assets, indicating a focus on long-term growth and value creation.
* The company has executed a minority sale of interests in an 826 MW renewable energy portfolio in Texas, demonstrating its ability to monetize assets while maintaining a strong portfolio.
4. Renewable Energy Leadership:
* Innergex is a global player in the renewable energy sector, operating hydroelectric, wind, solar, and energy storage facilities.
* The company's commitment to 100% renewable energy aligns with its mission to promote healthier communities and create shared prosperity.
5. Sustainability and ESG Focus:
* Innergex is committed to sustainability and ESG (Environmental, Social, and Governance) principles.
* The company has published ESG reports and is fighting against forced labor and child labor in its supply chains, demonstrating its dedication to responsible business practices.
In conclusion, Innergex Renewable Energy's 2024 results and the company's strategic moves indicate a strong finish to the year and set the stage for growth in the coming years. The company's commitment to renewable energy, sustainability, and responsible business practices positions it well in the global energy landscape. Investors and stakeholders can look forward to the conference call and webcast on February 20, 2025, for more insights into Innergex's performance and future prospects.
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