March 30 (Renewables Now) - The almost 2.6 GW of power plants owned by Innergex Renewable Energy Inc (TSE:INE) are operational but some delays in project commissioning are possible due to the COVID-19 pandemic.
The renewable energy company, which has wind, solar and hydropower plants in the US, Canada, Chile and France, said in an update to the coronavirus situation on Friday that its business has not been impacted from the outbreak as its activities are regarded as an essential service in the areas where it operates.
Among the projects that could be affected by the pandemic is the 200-MW Hillcrest solar scheme in Ohio. While no supply problems have occurred so far, a delay in the commissioning schedule is possible, Innergex said. The construction start of the 7.5-MW Innavik hydro plant in northern Quebec, initially planned for May, could be also changed due to equipment and movement restrictions.
The Canadian firm expressed confidence that it has the financial capacity to tackle the crisis caused by the global spread of the novel infectious disease. This stance is based on its recent private placement with utility Hydro-Quebec, remaining debt and contracts with government-owned or -backed utilities, which bring more than 95% of its revenues.