Altius Renewable Royalties Closes Investment with Apex

Altius Renewable Royalties Corp. (ARR) says its jointly controlled subsidiary, Great Bay Renewables LLC, has closed a follow-on royalty investment of $20 million with Apex Clean Energy related to Apex’s portfolio of wind, solar and energy storage development projects across North America.

Great Bay provided an initial $35 million in royalty financing to Apex in March 2020, with agreed mutual options for additional funding.

ARR is a recently formed renewable energy company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators and originators through its joint venture, Great Bay, with Apollo Fund.

The post Altius Renewable Royalties Closes Investment with Apex appeared first on Solar Industry.

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