Synex International

What Synex International does

Synex International (legally Synex Renewable Energy Inc.) is a publicly traded independent power producer incorporated in British Columbia, Canada, and headquartered in Vancouver. Founded in 1982 and listed on the Toronto Stock Exchange under ticker SXI, the company operates three run-of-river hydroelectric power plants and one associated power line network, all located in British Columbia. These facilities generate electricity by harnessing the natural flow and elevation drop of rivers without large-scale water impoundment, and output is transmitted via Synex's owned power line network to the provincial grid.

Revenue is generated by selling electricity produced from the run-of-river assets, most likely under long-term power purchase agreements with BC Hydro or other provincial off-takers typical of British Columbia's independent power producer framework. The company operates with a lean headcount of 1-10 employees, a market capitalization of approximately C$11.97 million as of April 2026, and a stock price of C$2.39 per share. It carries a negative price-to-earnings ratio of -13.59 and an exceptionally high debt-to-equity ratio of 439.32, indicating meaningful leverage relative to equity and recent operating losses.

The company's most significant documented strategic action was the June 2020 acquisition of Sea Breeze Power for an undisclosed amount, suggesting a prior inorganic consolidation phase. No subsequent M&A transactions, new partnerships, product launches, geographic expansions, or leadership changes are documented in the available source data, indicating a defensive, asset-preservation posture centered on the existing BC run-of-river portfolio.

Name

Synex International

Legal name

Synex Renewable Energy Inc.

Website

https://www.synex.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Short description

Synex International is a publicly traded independent power producer operating three run-of-river hydroelectric power plants and one power line network in British Columbia, selling electricity to the provincial grid.

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Run-of-River Hydroelectric Generation (EUACAEAA)

Keywords

• Hydroelectric power generation
• Run-of-river generation
• Independent power production
• Renewable energy generation
• Power line network

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel

Core offering

Synex International is an independent power producer that operates three run-of-river hydroelectric power plants in British Columbia, Canada, generating electricity from the natural flow of water without impoundment. The company also owns and operates one power line network in British Columbia for transmission of the generated electricity to the provincial grid and wholesale electricity markets.

Product overview

Synex International operates as a hydroelectric power producer through its core assets consisting of three run of river hydroelectric power plants and an associated power line network, all located in British Columbia. The company generates electricity by harnessing the natural flow of water through run-of-river hydroelectric facilities, which is then transmitted via its owned power line network to the grid.

Differentiator

Problem solved

Functional benefit

Products and services

• Run-of-River Power Plants

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Emerging players

• Sitka Power: Calgary-based small-scale Canadian renewable energy developer and IPP focused on wind, solar, run-of-river hydro, and battery storage. Comparable to Synex as a small Canadian renewable IPP with overlapping technology focus and active acquisition strategy.

Broad incumbents

• Fortis Inc. Canadian diversified electric and gas utility holding company with significant hydroelectric generation through subsidiaries. Comparable to Synex as a Canadian-listed owner of hydroelectric generation assets.
• TransAlta: Major Canadian power generator with a large hydro, wind, solar, and natural gas portfolio headquartered in Alberta. Comparable to Synex as a Canadian IPP with hydroelectric generation, though far larger and more diversified.
• Algonquin Power & Utilities: North American renewable energy and regulated utility company with hydro, wind, and solar generation assets. Comparable to Synex as a publicly listed Canadian renewable power producer.
• Capital Power: Edmonton-headquartered power generation company with wind, solar, and natural gas assets across North America. Comparable to Synex as a Canadian-listed IPP, though focused more on thermal and wind than run-of-river hydro.
• Brookfield Renewable Partners: One of the world's largest publicly traded renewable power platforms with significant hydroelectric, wind, and solar capacity. Comparable to Synex as a publicly listed renewable IPP, though at vastly larger scale and broader geographic exposure.

Direct peers

• Northland Power: Toronto-listed global power producer with renewable and thermal assets including onshore wind, solar, and hydro. Directly comparable to Synex as a Canadian-listed IPP operating renewable generation.
• Innergex Renewable Energy: Canadian independent power producer operating hydroelectric, wind, and solar facilities across North America. Directly comparable to Synex as a small-to-mid-scale Canadian IPP focused on run-of-river hydro and other renewables.
• Boralex: Quebec-headquartered renewable energy IPP with hydro, wind, solar, and storage assets across Canada, the US, France, and the UK. Comparable as a publicly listed Canadian renewable IPP with significant hydro exposure.
• Tidewater Renewables: Small-cap Canadian renewable fuels and power producer with renewable energy assets across Western Canada. Comparable to Synex as a small, publicly listed Canadian renewable energy operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Synex International