RE Royalties Provides $6.3 Million Financing for a 200 Megawatt Solar Project in Alberta, Canada
RE Royalties has entered into a secured loan agreement with Alpin Solar SA to support a $6.3 million letter of credit for a 200 MWAC solar project in Sturgeon County, Alberta. The project will generate 386,000 MWh of clean electricity annually, powering approximately 57,000 homes and reducing greenhouse gas emissions by 227,700 tonnes of CO2 equivalent. The loan features a 13% annual interest rate with a 12-month term, plus a permanent royalty of $0.25 per MWh of energy production from the project.
RE Royalties ha stipulato un accordo di prestito garantito con Alpin Solar SA per supportare una lettera di credito di 6,3 milioni di dollari per un progetto solare da 200 MWAC nella contea di Sturgeon, Alberta. Il progetto genererà annualmente 386.000 MWh di elettricità pulita, alimentando circa 57.000 abitazioni e riducendo le emissioni di gas serra di 227.700 tonnellate di CO2 equivalente. Il prestito prevede un tasso d'interesse annuale del 13% con un termine di 12 mesi, oltre a una royalties permanente di 0,25 dollari per MWh di produzione energetica del progetto.
RE Royalties ha celebrado un acuerdo de préstamo garantizado con Alpin Solar SA para respaldar una carta de crédito de 6,3 millones de dólares para un proyecto solar de 200 MWAC en el condado de Sturgeon, Alberta. El proyecto generará anualmente 386.000 MWh de electricidad limpia, alimentando aproximadamente 57.000 hogares y reduciendo las emisiones de gases de efecto invernadero en 227.700 toneladas de CO2 equivalente. El préstamo tiene una tasa de interés anual del 13% con un plazo de 12 meses, además de una regalía permanente de 0,25 dólares por MWh de producción de energía del proyecto.
RE Royalties는 Alpin Solar SA와 6.3백만 달러의 신용장을 지원하기 위한 담보 대출 계약을 체결했습니다. 이 프로젝트는 앨버타주 스터전 카운티에서 200 MWAC 태양광 프로젝트로, 연간 386,000 MWh의 청정 전기를 생산하여 약 57,000 가구에 전력을 공급하고 온실가스 배출량을 227,700 톤의 CO2 동등량만큼 줄입니다. 대출은 연 13%의 이자율을 가지며 12개월 기간이 있으며, 프로젝트에서 생성된 에너지 생산량에 대해 MWh당 0.25달러의 영구 로열티도 포함됩니다.
RE Royalties a signé un accord de prêt garanti avec Alpin Solar SA pour soutenir une lettre de crédit de 6,3 millions de dollars pour un projet solaire de 200 MWAC dans le comté de Sturgeon, en Alberta. Ce projet générera annuellement 386 000 MWh d'électricité propre, alimentant environ 57 000 foyers et réduisant les émissions de gaz à effet de serre de 227 700 tonnes équivalent CO2. Le prêt comprend un taux d'intérêt annuel de 13 % avec une durée de 12 mois, ainsi qu'une redevance permanente de 0,25 dollar par MWh d'énergie produite par le projet.
RE Royalties hat einen gesicherten Darlehensvertrag mit Alpin Solar SA abgeschlossen, um ein Kreditangebot in Höhe von 6,3 Millionen Dollar für ein 200 MWAC-Solarkraftwerksprojekt im Sturgeon County, Alberta, zu unterstützen. Das Projekt wird jährlich 386.000 MWh sauberen Strom erzeugen, rund 57.000 Haushalte mit Energie versorgen und die Treibhausgasemissionen um 227.700 Tonnen CO2-Äquivalent reduzieren. Das Darlehen hat einen jährlichen Zinssatz von 13% und eine Laufzeit von 12 Monaten, zusätzlich zu einer dauerhaften Lizenzgebühr von 0,25 Dollar pro MWh der Energieproduktion aus dem Projekt.
- Secured new $6.3M loan agreement with 13% annual interest rate
- Additional revenue stream through permanent royalty of $0.25/MWh
- Project expansion in Alberta market with 200 MWAC solar capacity
- Expected annual generation of 386,000 MWh of clean electricity
- Short initial loan term of only 12 months
- Single project concentration risk in Alberta market
All amounts in Canadian dollars unless otherwise stated.
VANCOUVER, BC / ACCESSWIRE / December 3, 2024 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into a secured loan agreement (the "Loan") with Alpin Solar SA ("Alpin"), a wholly owned subsidiary of Alpin Sun, a German-Romanian renewable energy company focused on the development, construction and operation of solar power plants globally.
Alpin is currently developing a 200 MWAC solar project (the "Project") in Sturgeon County, Alberta, Canada through its wholly owned Canadian subsidiary, Sol Aurora Ltd. ("Project Co."). The Project is expected to generate 386,000 MWh of clean electricity annually, enough to power the equivalent of 57,000 homes. The Project is expected to result in a substantial reduction in greenhouse gas emissions of 227,700 tonnes of CO2 equivalent.
The purpose of the Loan is to support a
The Loan carries an annual interest rate of
Bernard Tan, CEO of RE Royalties, stated: "We are excited to work with the Alpin team again to help further advance this Project in Alberta. This Project has the ability to significantly reduce emissions, and our non-dilutive royalty financing solution provides Alpin with the flexibility to continue developing this Project and to bring it one step closer to commercial operation."
Bogdan Micu, CEO of Alpin Sun stated: "We are thoroughly impressed by RE Royalties' expertise, dedicated team, and innovative approach to business. Their responsiveness throughout this project has been truly refreshing. We value our longstanding relationship and look forward to collaborating with the RE Royalties team on future endeavors."
On Behalf of the Board of Directors,
Bernard Tan
CEO
About RE Royalties Ltd.
RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico, and Chile. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
For further information, please contact:
Investor and Media Contacts:
RE Royalties Ltd.
Talia Beckett, VP of Communications and Sustainability
T: (778) 374‐2000
E: taliabeckett@reroyalties.com
www.reroyalties.com
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This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Forward-Looking Statements
This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events or results and may include statements regarding the Company's financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com.
SOURCE: RE Royalties Ltd.
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