XML 76 R55.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Instruments | Fair value of financial instruments
December 31, 2024 | Carrying amount |  | Fair value |  | Level 1 |  | Level 2 |  |
Long-term investments carried at fair value | $ | 2,058 |  |  | $ | 2,058 |  |  | $ | 2,058 |  |  | $ | — |  |  |
Other receivables | 688 |  |  | 578 |  |  | — |  |  | 578 |  |  |
Derivative instruments: |  |  |  |  |  |  |  |  |
Interest rate swaps designated as a hedge | 108,296 |  |  | 108,296 |  |  | — |  |  | 108,296 |  |  |
Commodity contracts for regulatory operations | 170 |  |  | 170 |  |  | — |  |  | 170 |  |  |
Total derivative instruments | 108,466 |  |  | 108,466 |  |  | — |  |  | 108,466 |  |  |
Total financial assets | $ | 111,212 |  |  | $ | 111,102 |  |  | $ | 2,058 |  |  | $ | 109,044 |  |  |
Long-term debt | $ | 6,207,040 |  |  | $ | 6,135,519 |  |  | $ | 1,922,563 |  |  | $ | 4,212,956 |  |  |
Convertible debentures | 250 |  |  | 249 |  |  | 249 |  |  | — |  |  |
Derivative instruments: |  |  |  |  |  |  |  |  |
Interest rate swaps designated as hedges | 19,089 |  |  | 19,089 |  |  | — |  |  | 19,089 |  |  |
Commodity contracts for regulated operations | 334 |  |  | 334 |  |  | — |  |  | 334 |  |  |
Total derivative instruments | 19,423 |  |  | 19,423 |  |  | — |  |  | 19,423 |  |  |
Total financial liabilities | $ | 6,226,713 |  |  | $ | 6,155,191 |  |  | $ | 1,922,812 |  |  | $ | 4,232,379 |  |  |
23.Financial instruments (continued) (a)Fair value of financial instruments (continued)
December 31, 2023 | Carrying amount |  | Fair value |  | Level 1 |  | Level 2 |  |
Long-term investments carried at fair value | $ | 1,054,665 |  |  | $ | 1,054,665 |  |  | $ | 1,054,665 |  |  | $ | — |  |  |
Other receivables | 726 |  |  | 611 |  |  | — |  |  | 611 |  |  |
Derivative instruments: |  |  |  |  |  |  |  |  |
Interest rate swaps designated as a hedge | 72,936 |  |  | 72,936 |  |  | — |  |  | 72,936 |  |  |
Interest rate cap not designated as a hedge | 1,854 |  |  | 1,854 |  |  | — |  |  | 1,854 |  |  |
Total derivative instruments | 74,790 |  |  | 74,790 |  |  | — |  |  | 74,790 |  |  |
Total financial assets | $ | 1,130,181 |  |  | $ | 1,130,066 |  |  | $ | 1,054,665 |  |  | $ | 75,401 |  |  |
Long-term debt | $ | 7,500,155 |  |  | $ | 6,452,209 |  |  | $ | 1,824,103 |  |  | $ | 4,628,106 |  |  |
Convertible debentures | 230 |  |  | 276 |  |  | 276 |  |  | — |  |  |
Derivative instruments: |  |  |  |  |  |  |  |  |
Cross-currency swap designated as a cash flow hedge | 5,547 |  |  | 5,547 |  |  | — |  |  | 5,547 |  |  |
Interest rate swaps designated as a hedge | 11,790 |  |  | 11,790 |  |  | — |  |  | 11,790 |  |  |
Commodity contracts for regulated operations | 2,564 |  |  | 2,564 |  |  | — |  |  | 2,564 |  |  |
Currency forward contract designated as net investment hedge | 6,779 |  |  | 6,779 |  |  | — |  |  | 6,779 |  |  |
Total derivative instruments | 26,680 |  |  | 26,680 |  |  | — |  |  | 26,680 |  |  |
Total financial liabilities | $ | 7,527,065 |  |  | $ | 6,479,165 |  |  | $ | 1,824,379 |  |  | $ | 4,654,786 |  |  |
Schedule of Derivative Instruments Designated as Amortized into Hedged Activity Disclosure |
Derivative | Notional quantity | Expiry | Hedged item
Forward-starting interest rate swap | $ | 350,000 |  | July 2029 | $350,000 subordinated unsecured notes
Cross-currency interest rate swap | C$ | 400,000 |  | January 2032 | C$400,000 subordinated unsecured notes
Forward-starting interest rate swap | $ | 750,000 |  | April 2032 | $750,000 subordinated unsecured notes
Schedule of Derivative Financial Instruments Designated as Cash Flow Hedge, Effect on Consolidated Statement of Operations | The following table summarizes OCI attributable to derivative financial instruments designated as a cash flow hedge held by continuing and discontinued operations:
|  |  |  |  | 2024 |  | 2023
Effective portion of cash flow hedge |  |  |  |  | $ | 79,381 |  |  | $ | 57,351 |
Amortization of cash flow hedge |  |  |  |  | (2,516) |  |  | (6,173) |
Amounts reclassified from AOCI |  |  |  |  | (24,614) |  |  | 8,309 |
OCI attributable to shareholders of AQN |  |  |  |  | $ | 52,251 |  |  | $ | 59,487 |
Schedule of Effects on Statement of Operations of Derivative Financial Instruments Not Designated as Hedges | The effects on the consolidated statements of operations of derivative financial instruments not designated as hedges consist of the following:
|  |  |  |  | 2024 |  | 2023 |
Amortization of cash flow hedge |  |  |  |  | $ | 2,516 |  |  | $ | 6,173 |  |
Unrealized loss on commodity contracts |  |  |  |  | (1,687) |  |  | (1,609) |  |
Gain on derivative financial instruments |  |  |  |  | $ | 829 |  |  | $ | 4,564 |  |
Schedule of Outstanding Obligations | The roll forwards of the Company's outstanding obligations confirmed as valid under its supplier finance programs for the years ended December 31, 2024 and 2023, are as follows:
|  |  |  |  | 2024 |  | 2023
Confirmed obligations outstanding at the beginning of the year |  |  |  |  | $ | 62,173 |  |  | $ | 16,785 |
Invoices confirmed during the year |  |  |  |  | 18,373 |  |  | 90,780 |
Confirmed invoices paid during the year |  |  |  |  | — |  |  | (45,392) |
Confirmed obligations outstanding at the end of the year |  |  |  |  | $ | 80,546 |  |  | $ | 62,173 |

X
- Definition Derivative Instruments Designated as Amortized into Hedged Activity Disclosure + References No definition available. + Details
Name: | aqunf_DerivativeInstrumentsDesignatedAsAmortizedIntoHedgedActivityDisclosureTableTextBlock
Namespace Prefix: | aqunf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Instruments Designated as Cash Flow Hedges Activity Disclosure. + References No definition available. + Details
Name: | aqunf_DerivativeInstrumentsDesignatedAsCashFlowHedgesActivityDisclosureTableTextBlock
Namespace Prefix: | aqunf_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Instruments Not Designated as Cash Flow Hedges Activity Disclosure. + References No definition available. + Details
Name: | aqunf_DerivativeInstrumentsNotDesignatedAsCashFlowHedgesActivityDisclosureTableTextBlock
Namespace Prefix: | aqunf_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair Value Of Financial Instruments Table. + References No definition available. + Details
Name: | aqunf_FairValueOfFinancialInstrumentsTableTextBlock
Namespace Prefix: | aqunf_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplier finance program. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479468/405-50-50-3 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 55 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477128/405-50-55-5 + Details
Name: | us-gaap_SupplierFinanceProgramTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration