Innovative Energy Group cites $900m pipeline

Innovative Energy Group Limited (IEG) said it enters its 2027 fiscal year with about $900 million in signed contracts and letters of intent. Not all of that pipeline will convert to revenue, but the company plans to fortify its balance sheet to take on those that convert. “By end of the third quarter you will see a totally different balance sheet,” Executive Chairman Nigel Davy told the Financial Gleaner. He said the plan involves several measures he was not yet prepared to detail.