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Non-controlling interests and redeemable non-controlling interests (Tables) | 12 Months Ended
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Dec. 31, 2024
Noncontrolling Interest [Abstract] |
Schedule of Net Loss Attributable to Non-controlling Interests | Net effect attributable to non-controlling interests for the years ended December 31 consists of the following:
|  |  |  |  | 2024 |  | 2023
HLBV and other adjustments attributable to: |  |  |  |  |  |  |
Non-controlling interests - tax equity partnership units |  |  |  |  | $ | 79,261 |  |  | $ | 44,024 |
Non-controlling interests - redeemable tax equity partnership units |  |  |  |  | 1,324 |  |  | 1,324 |
Other net earnings attributable to: |  |  |  |  |  |  |
Non-controlling interests |  |  |  |  | (5,665) |  |  | (8,809) |
|  |  |  |  | $ | 74,920 |  |  | $ | 36,539 |
Redeemable non-controlling interest, held by related party |  |  |  |  | — |  |  | (25,922) |
Net effect of non-controlling interests |  |  |  |  | $ | 74,920 |  |  | $ | 10,617 |
| Non-controlling interests - tax equity partnership units |  | Other non-controlling interests |  | Non-controlling interests held by related parties (a)
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Opening balance | $ | 481,387 |  |  | $ | 525,680 |  |  | $ | 70,135 |  |  | $ | 65,104 |  |  | $ | 38,873 |  |  | $ | 38,873 |
Net earnings (loss) attributable to NCI | (79,261) |  |  | (44,024) |  |  | 5,665 |  |  | 8,809 |  |  | — |  |  | — |
Contributions received, net | 1,953 |  |  | — |  |  | — |  |  | 385 |  |  | — |  |  | — |
Dividends and distributions declared | (5,047) |  |  | (269) |  |  | (3,091) |  |  | (5,058) |  |  | — |  |  | — |
Repurchase of non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | (39,376) |  |  | — |
OCI | — |  |  | — |  |  | 4,624 |  |  | 895 |  |  | 503 |  |  | — |
Closing balance | $ | 399,032 |  |  | $ | 481,387 |  |  | $ | 77,333 |  |  | $ | 70,135 |  |  | $ | — |  |  | $ | 38,873 |
(a) Non-controlling interest held by related parties In November 2021, Liberty Development JV Inc. invested $39,376 in Algonquin (AY Holdco) B.V., a consolidated subsidiary of the Company and the investment was presented as a non-controlling interest held by related parties. In 2024, the non-controlling interest held by related parties was redeemed in full. Changes in redeemable non-controlling interests are as follows:
| Redeemable non-controlling interests held by related party |  | Redeemable non-controlling interests
| 2024 |  | 2023 |  | 2024 |  | 2023
Opening balance | $ | 308,350 |  |  | $ | 307,856 |  |  | $ | 5,013 |  |  | $ | 6,520 |
Net earnings (loss) attributable to NCI | — |  |  | 25,922 |  |  | (1,324) |  |  | (1,324) |
Repurchase of non-controlling interest (notes 3, note 9(b)) | (308,350) |  |  | — |  |  | (3,510) |  |  | — |
Dividends and distributions declared | — |  |  | (25,428) |  |  | (179) |  |  | (183) |
Closing balance | $ | — |  |  | $ | 308,350 |  |  | $ | — |  |  | $ | 5,013 |

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- References No definition available. + Details
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