Advertisement
Advertisement
advertisement

RE Royalties Acquires Royalties On 40MW Operational Solar Parks In Southern Ontario

RE Royalties Ltd. is pleased to announce that it has acquired a portfolio of gross revenue royalties on four separate operational solar parks in Ontario, Canada from Fresh Air Energy Inc. for $1.87 million.

The Ontario Solar Projects are owned and operated by Northland Power Inc. and have a generation capacity of 40 MW and have been in operation since 2013. The Ontario Solar Projects generate approximately 60,000MWh of clean energy per year; capable of removing 2,971 tonnes of CO2 equivalent (1) from the electricity grid or providing clean electricity to 6,600 homes in Ontario annually (2).

Bernard Tan, CEO of the Company, commented, “We are pleased to acquire this portfolio of royalties from Fresh Air, in order for Fresh Air to be able to utilize this capital to bring clean affordable energy to their current initiatives in Africa. Furthermore, we are excited to be part of these Ontario Solar Projects that are operated by Northland Power. Northland is a Canadian leader in building and operating renewable energy projects in Ontario and also globally. This transaction demonstrates the strength of the royalty financing model in creating a win-win solution for our clients, shareholders and the environment.”

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter TurbineTech, Smart Wind, Wind O&M, Offshore Wind, Storage + Wind Energy And More At 9th Edition Of IWEF - https://t.co/43FtKInVsP
Tuesday, 15 October 2019 10:13
SolarQuarter Guwahati, North East India Here We Come! - https://t.co/WqsZwi8LWG
Saturday, 12 October 2019 11:13
SolarQuarter REAnalytics India 2019 Participating Companies| 120+ Attendees Confirmed| Last Call - https://t.co/fRpr0L3Mzi
Thursday, 10 October 2019 06:59