The firm went on to develop four of its own projects (Saint-Paulin, Chaudière, Batawa and Pontneuf 1-2-3) and acquire another (Montmagny) before transferring these assets into the Innergex Renewable Energy Income Fund, which listed on the Toronto Stock Exchange in 2003.

In 2004, Innergex joined forces with TransCanada Corporation to bid on a Hydro-Québec call for tender for 1,000 MW of wind power.

The two companies set up a joint venture, Cartier Wind Energy, with Innergex holding a 38% stake.

Five of the six projects were built between 2006 and 2012, including the 211.5 MW Gros-Morne Wind Farm, which became Canada's largest at the time of its commissioning, in late 2012.

[3] In 2022 Innergex acquired what was left of Llaima Energía (50%) & Aela Energía the at the moment largest green energy provider in MW terms in Chile [4] Innergex currently operates 28 renewable energy generation facilities: 22 run-of-river hydro plants, five wind farms and one solar farm.