RE Royalties (TSE:RE) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
RE Royalties has provided $6.3 million in financing to support a 200 MW solar project in Alberta, Canada, which is expected to significantly reduce greenhouse gas emissions. This deal includes a secured loan with a 13% annual interest rate and a revenue royalty, reflecting RE Royalties’ commitment to sustainable energy projects.
For further insights into TSE:RE stock, check out TipRanks’ Stock Analysis page.