Meeting the challenge of growth

Michel Letellier, President and Chief Executive Officer, launches the next chapter in the company’s story.

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Michel Letellier, President and Chief Executive Officer.

 

This year, Innergex celebrates its 25th anniversary – an important milestone in the evolution of any organization.

Together, we have worked hard to build a company that we are very proud of. We have demonstrated an iron discipline in implementing a business model that is respectful, prudent, and sustainable, and in building a diversified portfolio of 38 high-quality and long-lasting assets. By the end of 2016, we will complete an ambitious development program that will have taken us from one end of Canada to the other.

Today, Innergex enjoys an enviable critical mass and reputation. These will help us to meet an important challenge: replenishing our sources of long-term growth. It is up to us to define our future. We therefore recently conducted a strategic planning exercise in order to lay the groundwork for the next chapter of our story.

Coming out of this strategic planning exercise, we unequivocally reaffirm our commitment to produce renewable energy exclusively. Furthermore, the course we originally set remains just as relevant today – if not more so – and we reiterate our mission to increase our production of renewable energy by developing and operating high-quality facilities while respecting the environment and balancing the best interests of the host communities, our partners and our investors.

Innergex has always intuitively strived to achieve this balance, and we’ve come to acknowledge that our success is deeply rooted in the principles of sustainable development. The decision to produce our first sustainable development report this year is entirely in keeping with our 25th anniversary celebration and our strategic planning.

Of course, we will redouble our efforts to consolidate our leadership position in the renewable energy industry in Canada. In addition, 2015 will mark a significant turning point as the Company transposes its business model to target international markets. There are a number of markets where conditions are ripe for the Company to leverage its project development and financing know-how, its capacity to create fruitful and lasting partnerships, and its ability to make value-added acquisitions. Wherever possible, we will also leverage our specific expertise in hydroelectricity, which for us represents both a competitive advantage and a key differentiator.

Strengthened by the success of our first 25 years, we view the future with confidence and enthusiasm. On behalf of Innergex’s management team and employees, I wish to thank our clients, shareholders, lenders, suppliers, and partners for their trust and their contribution to our success, and I invite them to continue on the journey with us.