Renewable Energy Group
Our Renewable Energy Group owns, operates, and/or has net interests in a portfolio of primarily North American renewable and clean energy power generating facilities representing over 4 GW of installed renewable energy capacity.
The Renewable Energy Group generates and sells electrical energy produced by its diverse portfolio of renewable power generation and clean power generation facilities primarily located across the United States and Canada. The Renewable Energy Group seeks to deliver growth through new power generation projects and complementary projects, such as energy storage. The Renewable Energy Group operates, and directly owns interests in hydroelectric, wind, solar, renewable natural gas (“RNG”) and thermal facilities with a combined gross generating capacity of approximately 2.5 GW and a net generating capacity (attributable to the Renewable Energy Group) of approximately 2.1 GW. Approximately 81% of the electrical output is sold pursuant to long-term contractual arrangements which have a production-weighted average remaining contract life of approximately 11 years.
In addition to the assets that the Renewable Energy Group operates, the Renewable Energy Group has investments in generating assets with approximately 1.4 GW of net generating capacity, which includes AQN’s 51% interest in the Texas Coastal Wind Facilities and approximately 42% interest in Atlantica Sustainable Infrastructure plc.
Source: Algonquin 2022 Annual Report