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Share this article A Supplemental Information section was added to the 2021 First Quarter Report in order to normalize key financial metrics due to the February 2021 Texas Events. The information contained within this press release is presented on a normalized basis.
Unprecedented weather conditions in Texas negatively impacted financial results in the first quarter of 2021.
Revenues Proportionate, on a normalized basis, up 1% to $166.5 million in Q1 2021 compared with Q1 2020.
Adjusted EBITDA Proportionate, on a normalized basis, down 2% to $113.6 million in Q1 2021 compared with Q1 2020.
Construction activities at the Hillcrest solar project and Griffin Trail wind project are progressing well.
Adjusted EBITDA Proportionate up 8% to $560.3 million in 2020 compared with 2019.
Attractive growth perspectives with $457.8 million in available liquidity.
Creation of the Strategic Alliance between Hydro-Québec and Innergex.
Four projects under construction and three project financings closed during 2020 for the Hillcrest solar project, the Innavik hydro project and the Griffin Trail wind project.
Two acquisitions completed in Chile and Idaho, United States.
All amounts are in thousands of Canadian dollars, unless otherwise indicated and are for continuing operations unless otherwise indicated.
LONGUEUIL, QC, Feb. 25, 2021 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ( Innergex or the Corporation ) today released its operating and financial results for the fourth quarter and year ended December 31, 2020.