Altius Renewable Royalties Corp. (TSE:ARR) has released an update.
Altius Renewable Royalties Corp., through its joint venture Great Bay Renewables, has announced a new $10.1 million facility to support Hexagon Energy’s solar projects, enhancing Hexagon’s ability to advance its development activities. The funding, which is focused on refundable MISO interconnection deposits for about 1,500 MWac of solar projects, aims to speed up the creation of new renewable energy royalties. Great Bay, co-managed by ARR and Apollo affiliates, expects to benefit from this strategic financial solution by receiving interest payments and potentially establishing a novel product for the renewables market.
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