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Long-term debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt consists of the following:

Borrowing type																														Weighted average coupon						Maturity						Par value						June 30,						December 31,
																																													2024						2023
Senior unsecured revolving credit facilities (a)																														—						2024-2028						N/A						$	668,876					$	1,624,186
Senior unsecured bank credit facilities and delayed draw term facility (b)																														—						2024-2031						N/A						789,216						786,962
Commercial paper																														—						2025						N/A						33,000						481,720
U.S. dollar borrowings
Senior unsecured notes (Green Equity Units) (c)																														5.37		%				2026						$	1,140,787					1,135,137						1,144,897
Senior unsecured notes (d)																														4.25		%				2027-2047						$	2,195,000					2,181,669						1,406,278
Senior unsecured utility notes																														6.30		%				2025-2035						$	137,000					146,623						147,589
Senior secured utility bonds (e)																														4.82		%				2026-2044						$	861,681					850,773						551,166
Construction loan (f)																														6.57		%				2024						$	163,735					163,735						—
Canadian dollar borrowings
Senior unsecured notes																														3.68		%				2027-2050						C$	1,200,000					873,025						904,604
Senior secured project notes																														10.21		%				2027						C$	15,097					11,030						12,738
Chilean Unidad de Fomento borrowings
Senior unsecured utility bonds																														3.82		%				2028-2040						CLF	1,463					64,026						70,967
																																																$	6,917,110					$	7,131,107
Subordinated borrowings
Subordinated unsecured notes																								5.25		%				2082						C$	400,000					$	288,459					$	298,382
Subordinated unsecured notes																								5.21		%				2079-2082						$	1,100,000					1,087,080						1,086,541
																																																$	1,375,539					$	1,384,923
																																																$	8,292,649					$	8,516,030
Less: current portion																																																(158,278)						(621,856)
																																																$	8,134,371					$	7,894,174

The following table sets out the bank credit facilities available to AQN and its operating groups:

																					June 30,						December 31,
																					2024						2023
Revolving and term credit facilities																					$	4,589,200					$	4,562,000
Funds drawn on facilities/commercial paper issued																					(1,491,100)						(2,892,900)
Letters of credit issued																					(461,900)						(469,100)
Liquidity available under the facilities																					2,636,200						1,200,000
Undrawn portion of uncommitted letter of credit facilities																					(254,600)						(254,100)
Cash on hand																					131,633						56,142
Total liquidity and capital reserves																					$	2,513,233					$	1,002,042

Schedule of Interest Expense

interest expenses recognized for the three and six months ended June 30, 2024 and 2023 consist of the following:

			Three months ended												Six months ended
			June 30												June 30
			2024						2023						2024						2023
Long-term debt			$	73,169					$	65,046					$	139,881					$	128,814
Commercial paper, credit facility draws and related fees			39,299						27,714						82,412						52,140
Accretion of fair value adjustments			(5,094)						(824)						(10,956)						(4,223)
Capitalized interest and AFUDC capitalized on regulated property			(2,269)						(4,420)						(5,661)						(8,304)
Other			682						2,147						2,635						3,154
			$	105,787					$	89,663					$	208,311					$	171,581

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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