Altius Renewable Royalties - First Mover des Royalty Geschäftsmodells in den Sektor der erneuerbaren

[KMST]

Altius Renewable Royalties Reports Q1 2024 Expected Proportionate Royalty Revenue(1) of US$2.5 million

[KMST]

Altius Renewable Royalties Announces New MISO Interconnection Deposit Facility to Support Hexagon Energy

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Renewable Royalties (TSX:ARR) (OTCQX:ATRWF) (“ARR”) reports its Great Bay Renewables (“Great Bay” or “GBR”) joint venture has entered into a $10.1 million interconnection support facility to assist its development partner Hexagon Energy (“Hexagon”). The secured facility will fund the refundable portions of certain MISO interconnection deposits for six solar development projects totaling approximately 1,500 MWac that Hexagon has selected for advancement in the MISO interconnection queue. These projects are part of Hexagon’s approximately 7.0 GW development portfolio from which Great Bay will receive future royalties. Great Bay is jointly controlled by ARR and certain funds managed by affiliates of Apollo (NYSE: APO), who have funded the transaction on an equal basis.

Great Bay will receive monthly interest payments during the term at an interest rate that falls within Great Bay’s target return threshold. The facility with Hexagon can be drawn in tranches, will mature on December 31, 2024 and will be funded partially through GBR cash and partially through GBR’s new LC facility established as part of its larger $247 million credit facility announced in Q4 2023. The facility contains customary terms including information and inspection rights, positive and negative covenants and acceleration upon an event of default.

Frank Getman, CEO of Great Bay, commented, “This deal provides ongoing support to an important development partner, enabling Hexagon to better utilize the development funding provided by Great Bay under our existing arrangement closed last year to advance critical development activities within its pipeline and accelerate the creation of new GBR royalties rather than tying up capital with interconnection deposits.” Getman added, “One of the added benefits of this deal is establishing and confirming the process for Great Bay to post interconnection deposits with MISO on behalf of third parties while maintaining control of those funds. We’re hopeful that this could be the beginning of an entirely new product that would result in new royalties or options to acquire royalties with other developers who are not currently partners with Great Bay. Funding interconnection deposits may represent the single biggest pain point in the renewables market today. We’re working hard to make this new product part of the solution,” said Getman.

[KMST]

Altius Renewable Royalties Announces New US$30 Million Investment with Apex Clean Energy

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--
Altius Renewable Royalties (TSX:ARR) (OTCQX:ATRWF) (“ARR”) reports that Great Bay Renewables (“Great Bay”) today announced it has entered into a $30 million royalty investment with Apex Clean Energy (“Apex”) related to Apex’s 195 MWac Angelo Solar project in Tom Green County, Texas (“Angelo”) which is anticipated to achieve commercial operations in May 2024. Great Bay is jointly controlled by ARR and certain Apollo-managed funds (NYSE: APO), who have funded the transaction on an equal basis.

“Angelo Solar is a great project with a strong off-take contract and should provide a stable stream of revenue to Great Bay for years to come. We are pleased to support Apex’s efforts to speed and shape the energy transition through this investment in a soon-to-be operating project.”

Apex is an established industry leader in origination, commercialization, construction and operation of utility-scale renewable energy projects, with one of the largest portfolios of renewable resources in the nation. The full capacity of Angelo will be sold to Meta under an environmental attribute purchase agreement.

The royalty investment has been structured using royalty rates that vary over time and achieve Great Bay’s investment hurdles.

Frank Getman, CEO of Great Bay, commented, “Angelo Solar is a great project with a strong off-take contract and should provide a stable stream of revenue to Great Bay for years to come. We are pleased to support Apex’s efforts to speed and shape the energy transition through this investment in a soon-to-be operating project.”

Great Bay was advised on this transaction by an advisory team from CCA Capital LLC led by Martin Pasqualini and a legal team at Pierce Atwood LLP led by Kris Eimicke.

[KMST]

Antwort auf Beitrag Nr.: 74.827.214 von KMST am 18.11.23 13:21:03

eingekauft wird weiterhin auf diesem niveau...ich greife ebenfalls mal wieder nach langer zeit zu

28 Nov 23 BuyCA$13,960 Andre Gaumond Individual 2.000 CA$7.01
28 Nov 23 BuyCA$6,910 Frederick Mifflin Individual 1.000 CA$6.91
24 Nov 23 BuyCA$41,669 Andre Gaumond Individual 6.000 CA$6.96
21 Nov 23 BuyCA$43,500 Andre Gaumond Individual 6.000 CA$7.25
21 Nov 23 BuyCA$7,250 Karen Clarke-Whistler Individual 1.000 CA$7.25
20 Nov 23 BuyCA$28,200 Andre Gaumond Individual 4.000 CA$7.05
17 Nov 23 BuyCA$7,000 Brian Dalton Individual 1.000 CA$7.02

[KMST]

nachdem die blackout period für insider wieder vorbei ist wird jetzt auch wieder eingekauft

Date Value Name Entity Shares Max Price
15 Nov 23 Buy CA$28,200 Andre Gaumond Individual 4.000 CA$7.05
14 Nov 23 Buy CA$54,490 Andre Gaumond Individual 7.500 CA$7.30
13 Nov 23 Buy CA$97,010 John Baker Individual 13.900 CA$7.00
10 Nov 23 Buy CA$9,113 Frederick Mifflin Individual 1.300 CA$7.01
09 Nov 23 Buy CA$29,238 Andre Gaumond Individual 4.000 CA$7.35

[KMST]

Altius Renewable Royalties Reports Q3 2023 Financial Results
Nov. 06, 2023 5:19 PM ETAltius Renewable Royalties Corp. (ATRWF), ARR:CA

All currency references in USD unless otherwise indicated

ST. JOHN’S, Newfoundland--(BUSINESS WIRE)-- Altius Renewable Royalties Corp. (ARR:CA) (OTCQX: ATRWF) (“ARR” or the “Corporation”), is pleased to report its financial results for the third quarter of 2023 with a conference call to follow November 7, 2023 at 9:00 am EDT.

The Corporation’s 50% owned Great Bay Renewables (“GBR”) joint venture recorded $3.9 million in royalty revenue for the quarter ended September 30, 2023 compared to $3.2 million in Q3 2022 . Operating cash flows at GBR were $1.7 million in the third quarter of 2023 as compared to $1.8 million in Q3 2022. For the nine months ended September 30, 2023 GBR recorded $7.8 million in royalty revenue compared to $5.6 million in the same period in 2022. Operating cash flows at GBR were $3.6 million for the nine months ended September 30, 2023 as compared to $2.3 million in the same period in 2022.

ARR reported a net loss of $0.7 million, proportionate revenue(1)of $2.5 million and adjusted EBITDA(1) of $1.5 million for the quarter. This compares to net earnings of $0.3 million, proportionate revenue(1) of $1.8 million and adjusted EBITDA(1) of $1.0 million in Q3 2022. Total proportionate revenue(1) in Q3 2023 was comprised of $2.0 million in royalty revenue and $0.5 million in interest income.

For the nine months ended September 30, 2023, ARR reported a net loss of $0.9 million, proportionate revenue(1) of $5.6 million and adjusted EBITDA(1) of $2.8 million. This compares to a net loss of $0.4 million , proportionate revenue(1) of $3.2 million and adjusted EBITDA(1) of $0.8 million for the comparative period in 2022. Total proportionate revenue(1) for the nine month period was comprised of $3.9 million in royalty revenue and $1.7 million in interest income.

The Corporation’s current quarter and year to date results reflect the proportionate share of increased revenues at GBR offset by the proportionate share of increased costs including GBR’s non-cash based share of loss in equity investments Bluestar and Nova of approximately $4.2 million and $6.2 million respectively. Bluestar and Nova are currently engaged in early-stage renewable energy development resulting in increased levels of expenses with minimal offsetting revenues thus far at those entities. Nova continues to make good progress in building its greenfield development pipeline as the current portfolio of projects with site control has now grown to over 2 GW of wind, solar and battery storage projects.

GBR’s operating royalty portfolio continued to benefit from the additions of each of the Titan Solar, Young Wind, Appaloosa Run and Hansford County Wind projects, which were either acquired or reached operational status in the second half of 2022. GBR continues to progress several new royalty investment opportunities spanning the full spectrum of development to production stage assets while the El Sauz project is currently in construction and expected to reach commercial operation in late 2023. Several additional royalty projects continue to be advanced towards construction start by several operators across a variety of US power regions.

Increased merchant pricing in the current quarter due to warm weather and increased power demand led to higher royalty revenues for the period.

At September 30, 2023 the Corporation held cash of $37.8 million and has expected commitments for the remainder of 2023 of approximately $5.0 million for existing GBR investment agreements. In addition the Corporation recently announced that GBR closed senior secured credit financing agreements in the aggregate amount of $246.5 million which enables GBR to accelerate its growth trajectory while maintaining a competitive cost of capital.

Commenting on the quarter, Frank Getman, CEO of GBR, said “With the recent closing of our new debt facility, we have demonstrated the underlying strength of our current asset portfolio in the eyes of sophisticated global lenders and have positioned ourselves to continue to seize upon our strong pipeline of growth opportunities. In a few short years, we have scaled up a portfolio of renewable royalties on over 2.3 GW of operating projects and a pipeline of development stage royalties of over 15 GW, providing an embedded stream of future cash-flowing royalties that ensures strong revenue growth for GBR through the remainder of the decade."

Brian Dalton, CEO of ARR, added that “GBR continues to gain portfolio scale and diversity at a pace that is exceeding the long-term goals we had set at the time of our IPO in 2021. Our portfolio has been built to date using 100% equity based financing and this has provided us with the capacity to now apply prudent amounts of leverage to continue to grow and diversify the portfolio in a way that is non dilutive to our shareholders equity. The new credit facilities allow us to capture the current contrarian royalty financing opportunity available within the renewables sector, relating to the decrease in availability and attractiveness of other competing forms of capital such as equity and debt. We are poised to play an increased role in supporting the energy transition and to adding further diversity and scale to the portfolio on behalf of shareholders.”

[KMST]

Altius Renewable Royalties Announces Closing of $247 Million Credit Facility

Hier wird richtig geklotzt und nicht gekleckert

hier kommt bald ein richtig dickes ding reingeschwebt. sicherlich auch mit sehr hohem anteil an schon produzierenden projekten.
denn die kredite müssen auch abbezahlt werden. für neue projekte stehen dafür $123M zur verfügung. $100M gehen an Altius Minerals und Apollo als kapitalrückführung.
Zinsen für die kredite ca. 6.4%. das ist derzeit normal. $HASI hat die selben kreditkosten in green energy bereich mit einer Marketcap von $2.5Mrd.
$HASI hat in ihrer aktuellen investitionspipeline renditen von >10% drin.
Also sehr ähnlich zu $ARR. das ist schon ein gescheiter spread. für ein kleines neues unternehmen jetzt nicht so der burner aber sobald da ein bisl scale reinkommt läuft der hase. Kredite sind auch jederzeit straffrei zurück zu zahlen. auch wichtig falls die zinsen wieder- mal sinken sollten zum umschulden.

hab leider gerade kein geld mehr übrig um nachzukaufen. es gab zur zeit zu viele schnäppchen.
hab bei den erneuerbaren bei $HASI und $AY schon genug nachgekauft. da konnten man kurzfristig einen guten preis erzielen und langfristig bei beiden über 10% dividende mit einloggen.

hier noch die komplette news:

October 31, 2023 02:38 PM Eastern Daylight Time

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Renewable Royalties Corporation (“ARR”) (TSX:ARR, OTCQX: ATRWF) is pleased to announce that certain subsidiaries of ARR’s 50% owned Great Bay Renewables joint venture (such subsidiaries are collectively referred to herein as “Great Bay”), have entered into senior secured credit financing agreements in the aggregate amount of $247 million. The financing includes a $123.5 million initial term facility (“ITF”), a $100 million delayed draw term facility (“Delayed Draw Facility”), and a $23 million letter of credit facility (“L/C”), with the two term facilities qualifying for green loan eligibility. Great Bay is jointly controlled by ARR and certain funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”).

MUFG Bank and Natixis Corporate & Investment Banking (“Natixis CIB”) are Coordinating Lead Arrangers, Bookrunners, Syndication Agents and hedge providers with respect to the facilities.

Frank Getman, CEO of Great Bay, commented, “We are pleased to secure this facility, which enables us to accelerate our growth trajectory in the renewable royalty sector while maintaining a competitive cost of capital. This agreement represents another strong endorsement of our business model, and with over $350 million of investment agreements signed to date, positive cash flow, and an approximate 15.0 GW portfolio of development stage royalties, we are well positioned to continue scaling our platform. We are also thankful for the strong support we’ve received from two leading banks, MUFG and Natixis, and look forward to building upon this relationship as we continue to grow the company.”

Terms

Key terms of the credit facility are as follows:

Subject to certain conditions precedent, initial draw of $123.5 million of the ITF to be used for closing costs and return of capital to the shareholders, ARR and Apollo. The joint owners intend to reinvest the debt proceeds back into GBR as future royalty investment opportunities arise.
Subject to certain conditions precedent, Delayed Draw Facility of $100 million available in tranches for future royalty acquisitions, with the amount available to Great Bay to be determined based on expected revenue parameters, with adjustment factors for merchant vs. contract weighting and renewable energy source. The Delayed Draw Facility will be available for the first 3 years of the term.
$23 million LC to accommodate debt service reserve requirements and for development stage renewable royalty investment support.
Initial term of 5 years for the credit facilities.
Repayments based on expected interest rates based on a 20 year amortization period. Repayable anytime without penalty. Interest payments are expected to be met by existing operating royalty cash flow.
A pledge of equity and security in the form of first lien on existing cash generating assets or expected near term cash generating assets of Great Bay, along with a pledge of the equity in the subsidiary holdings of its developer investments (including Hodson, Hexagon, Bluestar and Tri Global Energy investments).
The credit facility agreements contain customary representations and warranties, covenants and events of default (subject to customary grace and cure periods).

In connection with the financing, Great Bay entered into a floating-to-fixed interest rate swap to lock in approximately 100% of the interest rate on the ITF for the full term of the debt. In addition, GBR has entered into a floating to fixed interest rate swap to lock in approximately 50% of the initial draw beyond the initial term for the amortization period to reduce refinancing risk. Great Bay expects the interest rate on the fixed portion of the debt to be approximately 6.4% per annum excluding financing closing costs for the first three years and approximately 6.5% for the last two years of the term of the loan. If required, Great Bay may enter into further interest rate swaps to lock in interest rates in connection with the Delayed Draw Facility.

Use of Proceeds

The borrowing is intended to finance or reimburse investments previously made in Eligible Green Collateral Projects, under the categories of “Renewable Energy Production” and “Green Technologies – Energy Storage Systems”, under the Green Loan Principles administered by the International Capital Market Association.

Advisory

Great Bay was advised on this transaction by the legal teams at Vinson & Elkins LLP and Pierce Atwood LLP, and the advisory team at Apterra Infrastructure Capital.

About Natixis CIB

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Natixis CIB’s teams of experts in close to 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch Ratings: A+,R&I: A+).

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas.

About ARR

ARR is a renewable energy royalty company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators, and originators. ARR currently has 10 renewable energy royalties representing 2,068 MW of renewable power on operating projects, and an additional approximately 6.0 GW on projects in the construction and development phases, across several regional power pools in the U.S. ARR also expects future royalties from Great Bay’s investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy which increases the total development project pipeline to approximately 15 GWs. ARR combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

[KMST]

keine ahnung wie die analysten auf die einschätzungen kommen...dieses jahr sollten noch gar keine earnings per share hängen bleiben


Altius Renewable Royalties Corp. (TSE:ARR - Free Report) - Stock analysts at Cormark reduced their FY2023 earnings estimates for Altius Renewable Royalties in a research report issued on Thursday, August 3rd. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.07 for the year, down from their previous forecast of $0.11. The consensus estimate for Altius Renewable Royalties' current full-year earnings is $0.06 per share. Cormark also issued estimates for Altius Renewable Royalties' FY2024 earnings at $0.24 EPS.

ARR has been the subject of several other research reports. Laurentian set a C$11.00 price target on shares of Altius Renewable Royalties and gave the company a "buy" rating in a research report on Friday, June 23rd. National Bankshares reduced their price target on shares of Altius Renewable Royalties from C$11.00 to C$10.75 and set an "outperform" rating for the company in a research report on Thursday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Altius Renewable Royalties currently has an average rating of "Buy" and an average price target of C$13.25.

[KMST]

Altius Renewable Royalties Reports Q2 2023 Financial Results

ST. JOHN’S, Newfoundland, August 01, 2023--(BUSINESS WIRE)--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) ("ARR" or the "Corporation") is pleased to report its financial results for the second quarter of 2023 with a conference call to follow August 2, 2023 at 9:00 am EST.

The Corporation’s 50% owned Great Bay Renewables ("GBR") joint venture recorded $2.0 million in royalty revenue for the quarter ended June 30, 2023 compared to $1.2 million in Q2 2022. Operating cash flows at GBR increased to $1.0 million in the second quarter of 2023 as compared to $0.3 million in Q2, 2022. For the six months ended June 30, 2023 GBR recorded $4.0 million in royalty revenue compared to $2.4 million in the same period in 2022. Operating cash flows at GBR were $1.9 million for the six months ended June 30, 2023 as compared to $0.5 million in the same period in 2022.

ARR reported a net loss of $0.1 million, proportionate revenue(1)of $1.6 million and adjusted EBITDA(1) of $0.7 million for the quarter. This compares to a net loss of $0.5 million, proportionate revenue(1) of $0.7 million and adjusted EBITDA(1) of $(0.1) million in Q2 2022. Total proportionate revenue(1) in Q2 2023 was comprised of $1.0 million in royalty revenue and $0.6 million in interest income.

For the six months ended June 30, 2023 ARR reported a net loss of $0.2 million, proportionate revenue(1) of $3.2 million and adjusted EBITDA(1) of $1.2 million. This compares to a net loss of $0.7 million, proportionate revenue(1) of $1.4 million and adjusted EBITDA(1) of $(0.2) million for the comparative period in 2022. Total proportionate revenue(1) for the six month period was comprised of $2.0 million in royalty revenue and $1.2 million in interest income.

GBR’s operating royalty portfolio benefitted from the additions of each of the Titan Solar, Young Wind, Appaloosa Run and Hansford County Wind projects, which were either acquired or reached operational status in the second half of 2022. GBR continues to progress several new royalty investment opportunities spanning the full spectrum of development to production stage assets while the El Sauz project is currently in construction and expected to reach commercial operation in Q4 2023. Several additional royalty projects continue to be advanced towards construction start by several operators across a variety of US power regions.

Seasonally lower merchant pricing in the current quarter and year to date partially offset the growth in the royalty portfolio. More recently, there has been an increase in merchant pricing due to warmer summer weather and increased power demand.

The Corporation’s current quarter and year to date results reflect the proportionate share of increased revenues at GBR offset by the proportionate share of increased costs including GBR’s non-cash based share of loss of approximately $1.0 million associated with its Bluestar and Nova equity investments. Bluestar and Nova are recently formed development-stage renewable energy businesses.

At June 30, 2023 the Corporation held cash of $41.1 million and has expected commitments for the remainder of 2023 of approximately $11.3 million for existing GBR investment agreements.

Commenting on the quarter, Frank Getman, CEO of GBR, said "Our royalty portfolio revenue and cash flow profile continue to benefit from the addition of operational stage royalties. While there remains robust renewables activity and tailwinds across the US resulting from the IRA and the continued energy transition, ongoing interconnection delays and higher costs of both debt and equity capital creates a strong investment climate for alternative sources of capital such as GBR’s royalty financing."

Brian Dalton, CEO of ARR added that "GBR continues to gain portfolio scale and diversity at a pace that is exceeding the long-term goals we had set at the time of its IPO in 2021. With now more than 15 GW of development through operating stage royalty projects in the portfolio it is clear that awareness and acceptance of royalty-based funding is becoming a mainstream financing tool within the renewable energy sector. We remain poised to play an increased role in supporting the energy transition and to adding further diversity and scale to the portfolio on behalf of shareholders."

[Bertiwins]

Antwort auf Beitrag Nr.: 74.048.649 von KMST am 23.06.23 08:38:42

Absolut! Ich bin weiterhin investiert. Die ARR-Aktie wird langfristig anziehen!