INE – Innergex Renewable Energy Inc

Not Compliant

Innergex Renewable Energy Inc is not Shariah Compliant because it fails the financial ratios.

Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company produces and sells electricity generated by its hydroelectric, wind and solar facilities to publicly owned utilities or other creditworthy counterparties. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It manages a portfolio of assets consisting of interests in 85 operating facilities with a net installed capacity of approximately 3,676 MW (gross 4,226 MW), including 40 hydroelectric facilities, 35 wind farms, nine solar farms, and one battery energy storage facility. It also holds interests in approximately 13 projects under development and several prospective projects at different stages of development.

AAOIFI ✗

Debt ÷ Market cap (MC)400.67
Non-Compliant Assets ÷ MC4.06
Impure Income (incl. Interest)1.06
Impure Income%
Interest Income1.06%
Total1.06%

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