Welcome to our dedicated page for Polaris Renewable Energy news (Ticker: RAMPF), a resource for investors and traders seeking the latest updates and insights on Polaris Renewable Energy stock.
Polaris Renewable Energy reports operating results, dividend actions, and project updates for a Canadian renewable power company focused on Latin America and the Caribbean. The company acquires, develops, and operates renewable energy assets, including a geothermal plant, run-of-river hydroelectric plants, solar photovoltaic projects, and a wind park.
Recurring news for RAMPF includes consolidated energy production, revenue from energy sales, quarterly and annual earnings releases, investor call notices, common-share dividend declarations, asset portfolio changes, and regulatory or commercial milestones tied to renewable energy development.
Polaris Renewable Energy (TSX:PIF) reported strong Q2 2025 financial results, with consolidated energy production reaching 215,797 MWh, a 15% increase from the previous year. The company generated $21.6 million in revenue and $15.4 million in Adjusted EBITDA, up from $18.7 million and $13.3 million respectively in Q2 2024.
Net earnings were $2,203 ($0.10 per share), compared to $985 ($0.05 per share) in Q2 2024. The company maintained strong liquidity with $90.7 million in cash position and declared a quarterly dividend of $0.15 per share, payable August 22, 2025.
Growth was primarily driven by the newly acquired Punta Lima Wind Farm and improved hydrological conditions in Peru, while operations in Nicaragua showed slightly lower production due to well behavior issues.
Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend of $0.15 per common share. The dividend will be paid on August 22nd, 2025 to shareholders of record as of August 11th, 2025.
The company confirmed this dividend qualifies as an "eligible dividend" for Canadian tax purposes. The board of directors expressed their commitment to maintaining quarterly dividend payments and indicated they will consider potential dividend increases in the future.
Polaris Renewable Energy (TSX:PIF) has scheduled its Q2 2025 Earnings Conference Call and Webcast for Thursday, July 31st, 2025, at 10:00 am EST. Investors can join via toll-free numbers: 888-506-0062 (North America) or 973-528-0011 (International) using entry code 108489.
A replay of the earnings call will be available two hours after completion until August 14, 2025. Replay access numbers: 1-877-481-4010 (Toronto) or 1-919-882-2331 (International) with passcode 51833.
[]- Acquisition of Punta Lima Wind Farm (26.0 MW) in Puerto Rico with a PPA until 2044 - Settlement of four outstanding credit facilities following December 2024 Green Bonds issuance - Net loss of $10.4 million (-$0.49 per share) due to one-time finance costs - Strong cash position of $91.6 million including restricted cash - Varied performance across regions with increased production in Dominican Republic and Ecuador
Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend payment of US$0.15 per common share. The dividend will be paid on May 23rd, 2025 to shareholders of record as of May 12th, 2025. The company has designated this as an "eligible dividend" for Canadian tax purposes. The board of directors has expressed their commitment to maintaining quarterly dividend payments and will consider potential increases in the future.
Polaris Renewable Energy (TSX:PIF) has scheduled its Q1 2025 Earnings Conference Call and Webcast for Thursday, May 1st, 2025, at 10:00 am EST. Investors can join via toll-free numbers: 888-506-0062 (North America) or 973-528-00-11 (International) using entry code 918859.
A digital recording will be available two hours after the call's completion. Replay access is available until May 15, 2025, through Toronto (1-877-481-4010) and International (1-919-882-2331) numbers, both using passcode 51832.
Polaris Renewable Energy has completed the acquisition of Punta Lima Wind Farm in Puerto Rico through an Equity Capital Contribution Agreement with Santander Bank. The wind farm has a 26.0 MW nameplate capacity and operates under a 20-year power purchase agreement with Puerto Rico Electric Power Authority extending until March 2044.
The $20 million transaction was structured as a tax-equity deal, with Polaris becoming the manager and operator while maintaining a controlling equity interest, and Santander retaining a tax equity position. The acquisition required approval from local regulatory bodies and execution of the Agreement.
The strategic move expands Polaris's geographical presence and diversifies its generation mix into wind power. The company sees opportunities for implementing energy storage solutions and providing grid stabilization services, while exploring additional strategic opportunities in Puerto Rico's energy sector.
Polaris Renewable Energy reported its Q4 and annual 2024 financial results. The company's consolidated energy production increased by 2% in Q4 2024 compared to Q4 2023, while annual production decreased to 764,756 MWh from 800,951 MWh in 2023.
Revenue from energy sales declined to $75.8 million in 2024 from $78.5 million in 2023, primarily due to lower production at its Nicaragua geothermal facility. Adjusted EBITDA decreased to $55.0 million from $57.7 million. Net earnings were $3.0 million ($0.14 per share) compared to $11.7 million ($0.56 per share) in 2023.
Key developments include: closing a $175 million senior secured green bonds placement with a 9.5% coupon rate; completing phase 1 optimization of the Dominican Republic solar plant expected to boost productivity by 15%; and signing an agreement to acquire the 26.0 MW Punta Lima Wind Farm in Puerto Rico for $20 million, expected to close in Q1 2025.
Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend declaration of US$0.15 per common share. The dividend will be paid on February 28th to shareholders of record as of February 17th. The company confirms this is an 'eligible dividend' for Canadian tax purposes. The board of directors has expressed their commitment to maintaining quarterly dividend payments and will consider potential increases in the future.