Renewables developer Innergex is pivoting its focus to solar and away from wind in the US market, conceding that time has all but run out for new wind projects under the production tax credit (PTC) subsidy.
While Innergex’s 3GW operating portfolio remains heavily concentrated on its home market of Canada and skews towards wind and hydropower, the US has become the company's most important development market, thanks in part to its 2017 acquisition of rival developer Alterra Power and its US pipeline.
