Altius Renewable Royalties Corp. (OTCQX: ATRWF) is set to release its financial results for the year and quarter ending December 31, 2021, today after market close. CEO Brian Dalton highlighted a transformative 2021, with GBR investing over US$123 million in renewable projects, securing royalties on 16 projects totaling 3,510 MW. Q4 2021 saw attributable revenue of US$264,000 and a net loss of US$1.2 million. The company expects revenue between US$4.5 million and US$5.5 million from multiple projects in 2022.
Altius Renewable Royalties (ATRWF) announces that Apex Clean Energy has redeemed the remaining residual royalty financing via its joint venture Great Bay Renewables after Apex sold a majority stake. The buyout involves approximately US$70 million, with $41.7 million in cash. Great Bay will keep three previously disclosed royalties earned under the investment agreement. A formal valuation of the retained royalties is expected 6 months post-commercial operations, which may adjust the initially estimated values.
Altius Renewable Royalties (ATRWF) announced a 2.5% gross revenue royalty for its joint venture, Great Bay Renewables (GBR), disclosed in Q3 results on November 8, 2021. The royalty is linked to JERA Co. Inc.'s acquisition of the 300 MW El Sauz wind project in Texas, with construction beginning in early 2022 and operations expected by Q4 2022. GBR, a partnership between ARR and Apollo Global Management (APO), focuses on financing renewable energy projects.
Altius Renewable Royalties Corp. (OTCQX: ATRWF) is expected to file its financial results for Q3 2021 after market close on November 9, 2021. CEO Brian Dalton highlighted the quarter as significant due to the expansion of royalty financing in the U.S. renewable energy sector. The company deployed US$87.5 million in royalty financing during the quarter, marking its first two investments in operational projects. ARR's cash position as of September 30, 2021, stood at US$54.9 million, amidst a net loss of US$1.41 million.
Altius Renewable Royalties (ATRWF) will announce its Q3 2021 financial results on November 8, 2021, after market close. A conference call is scheduled for 9:00 AM ET on November 9, 2021, where management will discuss the results and answer questions. ARR focuses on providing long-term capital investments in renewable energy projects through its joint venture, Great Bay Renewables, supporting the growth of the renewable energy sector.
Altius Renewable Royalties (OTCQX: ATRWF) reports a US$52.5 million royalty investment through its joint venture, Great Bay Renewables (GBR), with Northleaf Capital Partners. This investment covers three renewable energy projects in Texas: Old Settler Wind (151 MW), Cotton Plains Wind (50 MW), and Phantom Solar (15 MW). The investment will generate US$4-7 million annually over ten years, supporting debt repayment and working capital. Additionally, GBR will receive a 2.5% royalty from a new 500 MW project, aiming for cash flow positivity in 2022.