Polaris Infrastructure ( (TSE:PIF) ) has shared an update.
Polaris Renewable Energy Inc. has completed the acquisition of Punta Lima Wind Farm LLC in Puerto Rico, marking a strategic expansion into wind energy. The acquisition, structured through a tax-equity agreement with Santander Bank, positions Polaris as the manager and operator of the 26 MW wind farm, with a 20-year power purchase agreement in place. This move is expected to provide attractive returns and growth opportunities, including potential energy storage solutions and further strategic developments on the island.
More about Polaris Infrastructure
Polaris Renewable Energy Inc. is a Canadian publicly traded company focused on acquiring, developing, and operating renewable energy projects across Latin America and the Caribbean. The company operates a geothermal plant, hydroelectric plants, solar projects, and an onshore wind park, contributing to the energy transition.
YTD Price Performance: -7.75%
Average Trading Volume: 37,671
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$254.7M
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