Innagreen and RES: a partnership that delivers value with a purpose

Renewable projects don’t happen overnight. They require significant effort and collaboration between diverse teams to bring them to life. Equally important is the work that follows – ensuring these projects deliver lasting value. The partnership between Innagreen Investments and RES exemplifies how collaboration can drive purposeful value creation.

Our work together on the Hilda Wind Farm in Alberta, Canada, demonstrates how shared expertise creates meaningful impact. Completed in 2023, the 104MW Hilda Wind Farm powers over 50,000 homes and supports Alberta’s goal of achieving 30% renewable energy by 2030. The project, which received $17.5 million in federal investment from the Government of Canada, marked Innagreen’s first step into renewable energy investment.

RES led the construction, ensuring a smooth transition from development to operation. This included enrolling the project in Canada’s Smart Renewables and Electrification Pathways Programme, a critical step in securing the project’s financial stability.

Today, RES continues to support the project through long-term asset management, operations, and maintenance, helping Innagreen optimise the wind farm’s performance and revenue over its lifecycle.

Complementary strengths and strategic growth

The partnership between Innagreen and RES is built on complementary strengths. RES’ technical expertise in development, construction, operations, and maintenance dovetails with Innagreen’s expertise in finance, fundraising, and long-term asset ownership. A key feature of this partnership is a right of first offer agreement, which gives Innagreen access to RES’ 23GW pipeline of renewable energy projects across Australia, Canada, and the US. This allows Innagreen to strategically expand its portfolio while giving RES a trusted, reliable and competitive offtake partner.

RES’ 24/7 control centre will soon oversee Hilda Wind Farm, improving response times and ensuring operational efficiency through remote monitoring. This technology-driven approach ensures that any issues can be addressed swiftly, often without the need for on-site intervention. The two companies are also working to integrate Innagreen’s assets onto RES’ digital platform for operational assets, which will provide Innagreen with real-time insights into asset performance across their entire portfolio.

Investing in the future of renewable energy

Innagreen’s ambition extends beyond Hilda. It plans to invest over $1 billion by 2027 in utility-scale wind, solar, and energy storage projects across Australia, Canada, Europe and the United States. These projects aim to deliver stable, long-term returns while supporting the global energy transition.

One standout project is the Bekevar Wind Project in Saskatchewan, which recently became operational, where Innagreen worked with Cowessess First Nation to deliver 200MW of clean energy to the region. This project is expected to reduce carbon emissions by 130,000 tonnes annually and demonstrates Innagreen’s commitment to indigenous participation and long-term, sustainable energy solutions.

A vision for long-term sustainability

The partnership between Innagreen and RES shows how collaboration can drive progress in renewable energy. By combining Innagreen’s investment expertise with RES’ technical know-how, the two companies are setting a strong example for strategic asset management in the industry.

As the renewable energy landscape evolves, Innagreen and RES are well-positioned to contribute to a cleaner, more sustainable future together.