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Altius Renewable Royalties Announces Two New Royalties Created Under Tri Global Energy Royalty Financing Partnership
April 26, 2021 GMT
ST. JOHN’S, Newfoundland (BUSINESS WIRE) Apr 26, 2021
Altius Renewable Royalties Corp. (TSX: ARR) (“ARR” or the “Company”), is pleased to report that Tri Global Energy (“TGE”) has announced the sale of two renewable energy projects, namely the 180 MW Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a portfolio company of Canadian pension fund subsidiary OMERS Infrastructure.
The two sales result in creation of a 3% royalty on the wind project and a 1.5% royalty on the solar project in favour of Great Bay Renewables LLC (“Great Bay”), which is equally owned by ARR and certain funds managed by affiliates of Apollo Global Management, Inc.
Tri Global Energy Announces Sale of 580 MW of Indiana Wind and Solar Projects to Leeward Renewable Energy
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DALLAS, April 26, 2021 /PRNewswire/ Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects – the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project – to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity.
Hoosier Line Wind and Honey Creek Solar represent Tri Global Energy s first renewable energy projects in White County, Indiana.
Two renewable energy projects in Indiana are trading hands between a pair of Dallas-based companies. Tri Global Energy said Monday that it’s selling the.
First Solar (
FSLR) - Get Report was rising in premarket trading Monday after shares of the solar energy equipment maker were upgraded to buy at Citigroup.
The firm also opened a 90-day catalyst watch on the company.
Citigroup raised First Solar s price target to $100 from $88 a share. The stock was rising 3.07% to $82.60 early Monday.
Analyst J.B. Lowe sees multiple positives ahead for the company, including the potential inclusion of a 10-year solar tax credit extension and the revival of the 48C Advanced Manufacturing Tax Credit.
Lowe also sees U.S. trade policy that will benefit the company, including the extension of Section 201 tariffs on imported Chinese panels and possible sanctions against Xinjiang-sourced solar products.