Re Royalties Enters Into Cad $1.6 Million Loan And Royalty Agreement With Revolve Renewable Power
Amount Raised
C$1.6 Million
Round Type
Seed
Description
VANCOUVER, BC / May 26, 2022 / RE Royalties Ltd. (TSXV:RE) (OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into an agreement with ReVolve Renewable Power Corp. (TSXV:REVV) ("ReVolve"), a North American renewable energy developer with 3.3 GW of wind, solar, and battery projects under development in the USA and Mexico, to provide a CAD $1.6 Million secured loan (the "Loan") to support ReVolve's acquisition of a portfolio of six operational roof top solar generation projects in Mexico (the "Projects") with a combined generating capacity of 2.4 MW. The Loan and corresponding acquisition will be subject to customary closing conditions.
Quick answer
RE Royalties Ltd raised C$1.6 Million in a Seed round, dated May 26, 2022.
- How much did RE Royalties Ltd raise?
- RE Royalties Ltd raised C$1.6 Million in a Seed round on May 26, 2022.
- What does RE Royalties Ltd do?
- RE Royalties is a growing royalty financing company focused on building a portfolio of long-term, stable, diversified royalties from renewable energy projects.
- Who are the decision-makers at RE Royalties Ltd?
- Fundz holds 2 contacts at RE Royalties Ltd, including the VP of Communications and Sustainability. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Sustainability around the same time
Companies in the same sectors as RE Royalties Ltd that raised within 45 days of this round, from Fundz verified event records.
- ENERGY FOCUS, INC/DE raised $3.5M (Seed) on June 17, 2022.
- Clean Energy Technologies, Inc. raised $675K (Seed) on June 2, 2022.
- Sunrock Distributed Generation raised $10M on May 27, 2022.
- Naked Energy raised $1.9M (Seed) on May 20, 2022.
- SinglePoint Inc. raised $707K (Seed) on May 11, 2022.
- Greenbacker raised $76M (Debt Financing) on April 19, 2022.
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