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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, 2024Carrying
amount
Fair
value
Level 1Level 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 hedge108,296 108,296  108,296 
Commodity contracts for regulatory operations170 170  170 
Total derivative instruments108,466 108,466  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 debentures250 249 249  
Derivative instruments:
Interest rate swaps designated as hedges19,089 19,089  19,089 
Commodity contracts for regulated operations334 334  334 
Total derivative instruments19,423 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, 2023Carrying
amount
Fair
value
Level 1Level 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 hedge72,936 72,936 — 72,936 
Interest rate cap not designated as a hedge
1,854 1,854 — 1,854 
Total derivative instruments74,790 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 debentures230 276 276 — 
Derivative instruments:
Cross-currency swap designated as a cash flow hedge5,547 5,547 — 5,547 
Interest rate swaps designated as a hedge11,790 11,790 — 11,790 
Commodity contracts for regulated operations2,564 2,564 — 2,564 
Currency forward contract designated as net investment hedge6,779 6,779 — 6,779 
Total derivative instruments26,680 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
DerivativeNotional quantity
Expiry
Hedged item
Forward-starting interest rate swap$350,000 July 2029
$350,000 subordinated unsecured notes
Cross-currency interest rate swapC$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: 
20242023
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:
20242023
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:
20242023
Confirmed obligations outstanding at the beginning of the year
$62,173 $16,785 
Invoices confirmed during the year18,373 90,780 
Confirmed invoices paid during the year (45,392)
Confirmed obligations outstanding at the end of the year$80,546 $62,173