Its H1 revenue increased 45.2% year-on-year to C$267.4 million ($203.4 million), while its earnings before interest, tax, depreciation and amortisation (Ebitda) between 1 January and 30 June rose 30.4% to C$178.4 million.
Its facilities — which also include solar PV and hydroelectric plants — generated 2,959GWh in the first six months of the year, an increase of 44.7% year-on-year.
The developer noted that its wind farms produced 97% of their long-term average, and that its 149.25MW Mesgi’g Ugju’s’n site in Quebec had higher production levels in H1 2018.
Innergex also boosted its hydro capacity in H1 through acquisitions of interests in other companies. These facilities also increased revenue, the company added.
However, its net earnings of C$2.2 million for the first six months of 2018 were down 80.7% year-on-year.
This decrease was mainly due to increased finance costs, depreciation and amortisation, the developer stated.