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Non-controlling interests and redeemable non-controlling interests (Tables)
12 Months Ended
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:
20242023
HLBV and other adjustments attributable to:
Non-controlling interests - tax equity partnership units$79,261 $44,024 
Non-controlling interests - redeemable tax equity partnership units1,324 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)
202420232024202320242023
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, net1,953 —  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 partyRedeemable non-controlling interests
2024202320242023
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