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DGAP-News News vom 23.07.2021

Altius Renewable Royalties Announces Additional US$20 Million Royalty Financing to Apex Clean Energy

DGAP-News: / Key word(s): Investment/Financing
23.07.2021 / 10:35
The issuer is solely responsible for the content of this announcement.

St. John's, Newfoundland - July 21, 2021 - Altius Renewable Royalties Corp. (TSX: ARR, WKN: A2QQFT) ("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 Altius Renewable Royalties 

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, Investor Relations 
Email: [email protected] 
Tel: 1.877.576.2209 
Direct: +1.416.346.9020 

Ben Lewis, CFO 
Email: [email protected] 
Tel: 1.877.576.2209 

News release on ARR website: 

23.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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