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ALTIUS RENEWABLE ROYALTIES (symbol: ATRWF) is a leading royalty company focused on renewable energy projects. They provide capital to help develop, construct, and operate clean energy assets worldwide. With a strong portfolio of solar, wind, hydro, and energy storage projects, Altius Renewable Royalties is committed to driving sustainable energy solutions. Their innovative approach to financing and partnership with top industry players sets them apart in the renewable energy sector.
Altius Renewable Royalties Corp. (OTCQX: ATRWF) announced an expected Q1 2023 proportionate royalty revenue of
Financial results will be disclosed on
Altius Renewable Royalties Corp. (OTCQX: ATRWF) reported its financial results for 2022, showing a revenue increase to $0.8 million from $0.1 million in 2021, although it recorded a net loss of $0.8 million. Proportionate revenue for 2022 was $4.4 million, including $3.6 million from royalties. The Great Bay Renewables joint venture outperformed expectations, generating $7.3 million in royalty revenue, with forecasts for 2023 between $11.5 million and $13.5 million. Cash balances stood at $50.1 million as of December 31, 2022. A conference call on March 2, 2023, will provide further insights.
Altius Renewable Royalties Corp. (OTCQX: ATRWF) anticipates reporting Q4 2022 attributable royalty revenue of $0.9 million, up from $0.2 million in Q4 2021. Full-year revenue reached $3.6 million, a significant increase from $0.3 million in 2021, driven by new operating royalties. The joint venture Great Bay Renewables (GBR) generated $7.3 million in revenue, exceeding its guidance of $6.5-$7.0 million. The company plans to release 2023 revenue guidance on March 1, 2023. CEO Frank Getman noted increased demand for GBR’s renewable royalty model and highlighted recent project acquisitions in California and Texas.
Altius Renewable Royalties Corp. (OTCQX: ATRWF) announced that its subsidiary, Great Bay Renewables, will acquire a royalty agreement on a 1 GW wind project in Hansford County, Texas, from Apex Clean Energy for US$18 million. The royalty, tied to 658 megawatts of the project, is expected to contribute US$1.5 million to revenue in 2023. CEO Frank Getman emphasized the production volume-based nature of the royalty, which minimizes price exposure and diversifies the company's portfolio.
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