Founded in 2017, ARR grew quickly and listed on the Toronto Stock Exchange in February 2021. ARR is a renewable energy royalty company with a diversified portfolio of utility scale wind and solar energy royalties. The royalties are long-term ongoing payments paid to ARR, calculated as a percentage of gross revenue. Our royalty structure allows us to capture potential future value from battery storage, project life extensions and project expansions at no additional cost.
Nov 2024 Notice of Meeting and Management Information Circular Virtual Meeting Guide
Proxy
Letter of Transmittal
Altius Renewable Royalties Corp. (TSX: ARR) (“ARR” or the “Company”), is pleased to report that its jointly controlled subsidiary, Great Bay Renewables, LLC (“Great Bay”) has closed a follow-on royalty investment of US$20 million with Apex Clean Energy (“Apex”) related to Apex’s broad portfolio of wind, solar and energy storage development projects located across North America. Great Bay provided an initial US$35 million in royalty financing to Apex in March 2020, with agreed mutual options for additional funding.
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators through its joint venture Great Bay Renewables, LLC. Apollo Fund (“Apollo”) is earning into a 50% joint venture interest by investing US$80 million. The funding of this additional US$20 million will be funded by Apollo pursuant to its earn-in. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
For further information, please contact:
Flora Wood
Email:[email protected]
Tel: 1.877.576.2209
Direct: +1(416)346.9020
Ben Lewis
Email:[email protected]
Tel: 1.877.576.2209
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Altius Renewable Royalties
2nd Floor. 38 Duffy Place
St. John's, NL A1B 4M5
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