Altius Renewable Royalties raised $30M in a royalty investment led by Great Bay Renewables and certain Apollo-managed funds to support Apex Clean Energy's 195 MWac Angelo Solar project in Texas.

Feb 29, 2024•almost 2 years ago

Amount Raised

$30 Million

St. John's

Investors

Apollo Managed FundsGreat Bay Renewables

Description

Altius Renewable Royalties (ARR) reports a $30 million royalty investment with Apex Clean Energy related to Apex’s 195 MWac Angelo Solar project in Texas. The investment has been funded on an equal basis by Great Bay Renewables and certain Apollo-managed funds.

Company Information

Company

Altius Renewable Royalties

Location

St. John’s, Newfoundland and Labrador, Canada

About

ARR is a renewable energy royalty company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators, and originators. ARR currently has 32 renewable energy royalties representing 735 MW of renewable power on operating projects and an additional approximately 6 GW on projects in the development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from Great Bay’s investments in Bluestar Energy Capital and Hodson Energy. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

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