Our Royalties

Royalties

Project Sponsor
Project Size
Status
Royalty
Expected COD
Gravity Renewables
5MW
Operational
10.0%
Operational
WEC Energy/ Invenergy
195MW
Construction
2.5%
Q4 2021
Silverpeak
360MW
Late-Stage Development
3.0%
Q2 2022
Copenhagen Infrastructure Partners
400MW
Mid-stage Development
3.0%
Q4 2022
Silverpeak
180MW
Mid-stage Development
1.5%
Q1 2022
Undisclosed
400MW
Mid-stage Development
1.5%
Q1 2023
Gravity Renewables
175MW
Mid-stage Development
1.5%
-
Leeward
180MW
Mid-stage Development
3.0%
Q1 2023
Leeward
200MW
Mid-stage Development
3.0%
2023
Leeward
150MW
Mid-stage Development
1.5%
2023

Royalties

Honey Creek
Indiana
250MW
Operational
Variable
Variable
Operational
Operational
Operational
Longroad Energy
Project Sponsor
Status
Developer
Expected COD
Project Size
Royalty
Solar
Operational
Energy Type
Location
Texas
Texas
150MW
Operational
Operational
50MW
Variable
Variable
Northleaf
Northleaf
Wind
Northleaf
Longroad Energy
Wind
Northleaf
Texas
Operational
15MW
Operational
2.5%
10%
Northleaf
Operational
Construction
195MW
Gravity Renewables
Operational
Operational
5MW
Wind
WEC Energy/ Invenergy
Hydro
Solar
Northleaf
Gravity Renewables
APEX
Q4 2022
1.5%
175MW
1.5% fixed payments - see PR
Q4 2022
TBA
Q4 2023
Mid-stage Development
Construction
2.5%
180MW
500MW
300MW
TBA
NextEra Energy
Wind
Solar
Apex
2.5%
Construction
TBA
JERA Renewables
Wind
Wind
TGE
TGE
Texas
Texas
Kansas
Vermont
Clyde River
Jayhawk
Appaloosa
Texas
Apex
Texas
Texas
TBA
El Sauz
Flatland Solar
Phantom Solar
Cotton Plains
Old Settler
Prospero 2
Project
TGE
Solar
Leeward
400MW
Mid-stage Development
1.5%
Q4 2023
Panther Grove
Illinois
TGE
Wind
Copenhagen Infrastructure Partners
400MW
Mid-stage Development
3.0%
Q4 2023
Hoosier Line
Indiana
TGE
Wind
Leeward
180MW
Mid-stage Development
3.0%
Q4 2023
Blackford Wind
Indiana
TGE
Wind
Leeward
200MW
Mid-stage Development
3.0%
Q4 2023
Blackford Solar
Indiana
TGE
Solar
Leeward
150MW
Mid-stage Development
1.5%
Q4 2023
Canyon Wind
Texas
TGE
Wind
TBA
360MW
Late-stage Development
2.5% sliding scale- see PR
Q3 2023

Our Partners

Tri Global Energy

ARR first invested in leading Texas based wind developer Tri Global Energy (“TGE”) in February 2019. The US$55 million investment was structured in a way that as TGE sold projects from their large portfolio of development projects, a gross-revenue royalty would be payable to ARR on wind and solar projects as they are developed and sold. Additional royalties will continue to be created until a certain return threshold is met at which time no additional royalties will be created. Wind and solar projects with royalties payable to ARR will continue to generate cashflow for the life of these projects.

To date, TGE has developed and sold 8 projects that have a royalty to ARR as follows:

  • Five wind royalties on projects ranging from 175MW to 500 MW, in Texas, Illinois and Indiana
  • Three solar royalties on projects ranging from 150 MW to 400 MW in Texas and Indiana
  • Established counterparties including NextEra Energy, Copenhagen Infrastructure Partners, and Leeward
  • Expected COD dates between Q4 2022 to Q4 2023

Northhleaf Capital Partners

In Q3 2021, GBR closed a US$52.5 million royalty investment with Northleaf Capital Partners on three operating wind and solar projects, all in Texas. The portfolio includes the 151 MW Old Settler wind project, the 50 MW Cotton Plains wind project and the 15 MW Phantom Solar project, with the Old Settler output being sold into the ERCOT market, and the others being sold under fixed-price contracts with the US Department of Defense through 2045.

Longroad Energy

In Q3 2021, GBR closed a US$35M royalty investment with Longroad Energy on the 250MWac operating solar project in Texas, Prospero 2.GBR expects to earn a return of 8-12% on its investment, with royalty revenue starting at a lower level from 2022 – 2027 and then increasing materially.  .

Bluestar Energy Corporation

In Q2 2022, GBR closed a US$32.5M investment into anew global renewables development platform, Bluestar Energy Capital LLC founded by Declan Flanagan, former CEO of Orsted Onshore and Lincoln Clean Energy.   .

Hodson Energy

In Q3 2022, GBR closed a US$40 million investment into Hodson Energy’s 1.8 MWac solar and battery storage portfolio which is concentrated in the mid-Atlantic region.  .