INE.TO
Innergex Renewable Energy Inc.
Utilities · Utilities - Renewable · Canada · Stock
Historical Issuer — No Longer Independently Traded
Innergex Renewable Energy Inc. was acquired by La Caisse (formerly Caisse de depot et placement du Quebec) on 2025-07-21. The ticker INE.TO is retired; shares of the combined entity no longer trade under this symbol.
This is a historical research profile. The company is no longer an independent public issuer and no current investment score is available.
Score breakdown not yet available
This security is being rebuilt on our SEC EDGAR filings-based scoring model. A full score breakdown will appear once the v2 pipeline covers this ticker.
Company Overview
Innergex Renewable Energy Inc. (TSX: INE) was a Canadian independent renewable power producer operating hydroelectric, wind, and solar generating facilities. On 2025-07-21, La Caisse finalized its privatization of Innergex under a definitive agreement first announced in February 2025, in a transaction valued at approximately C$10 billion (approximately US$7.3 billion). All outstanding Innergex common shares (other than those already held by La Caisse and certain members of senior management) were purchased for C$13.75 per share; outstanding Series A and Series C preferred shares were purchased at C$25.00 each plus accrued and unpaid dividends. La Caisse subsequently syndicated up to 20% of its invested capital to partners including Investissement Quebec, Desjardins Global Asset Management, and Fondaction. Innergex was delisted from the Toronto Stock Exchange upon completion.
Business Segments
Innergex's generating portfolio spanned hydroelectric facilities, onshore wind farms, and solar photovoltaic projects across Canada, the United States, France, and Chile. Following privatization, the company continues to operate these assets as a privately held entity under La Caisse's ownership.
Geographic Exposure
Innergex's renewable generation assets were located across Canada (British Columbia, Quebec, and Ontario), the United States, France, and Chile. Following the 2025-07-21 privatization, these assets are held by a private entity controlled by La Caisse; this historical profile does not track the company's current, privately-held operations or results.
Principal Risks
Innergex Renewable Energy is no longer an independent, publicly-traded issuer, and this page describes historical fact only. The company continues to operate as a private entity controlled by La Caisse and is not tracked under any successor public ticker on this site.
Source Documents
- La Caisse finalizes the acquisition of Innergex and mobilizes a group of investors to support its long-term growth — La Caisse (official newsroom) (2025-07-21)
- La Caisse completed the acquisition of Innergex for C$10 billion — Fasken (law firm deal summary) (2025-07)
Coverage Limitations
Innergex Renewable Energy Inc. is no longer an independent public issuer as of 2025-07-21. This page presents historical research only and does not reflect the company's current, privately-held financial position or operations. No quantitative fundamentals score is available for this ticker.
Red Flags
- The weakest scoring profile being dividend income (29.1) directly conflicts with the standard utilities-sector expectation of reliable income generation, raising questions about the consistency or level of the company's distributions.
This report is for educational and research purposes only. It does not constitute financial, investment, legal, or tax advice — always conduct your own due diligence before making investment decisions.