Altius Renewable Royalties - First Mover des Royalty Geschäftsmodells in den Sektor der erneuerbaren (Seite 4)
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ISIN: CA02156G1028 · WKN: A2QQFT · Symbol: ARR
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Altius Renewable Royalties Reports Apex to Buy Out Remainder of Royalty Financing Following Exercise of Change of Control Option
December 31, 2021 07:55 AM Eastern Standard Time
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Renewable Royalties (TSX:ARR) (OTCQX:ATRWF) (“ARR”) reports that Apex Clean Energy (“Apex”) has exercised a change of control-based option to redeem the remaining residual royalty financing provided by its joint venture subsidiary Great Bay Renewables (“Great Bay”). The option exercise follows the recently announced sale of a majority interest in Apex. Great Bay will retain the previously disclosed three royalties it has earned to date under the Apex investment agreement.
Under the buyout option terms, the provisional purchase consideration, including a buyout premium calculated under the investment agreement, is approximately US$70 million, $41.7 million of which is a cash payment, with the remainder representing an estimated value ascribed to the retained royalties in accordance with the agreement. There can be no assurance that the provisional value ascribed to the retained royalties under the agreement will be achieved. A formal valuation of the retained royalties will be completed 6 months following the achievement of commercial operations for each project, as prescribed by the original terms of the investment agreements, and true-up payments to Great Bay or Apex may be made at that time to account for any differences between current provisionally estimated amounts and the formal royalty valuation calculations.
December 31, 2021 07:55 AM Eastern Standard Time
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Renewable Royalties (TSX:ARR) (OTCQX:ATRWF) (“ARR”) reports that Apex Clean Energy (“Apex”) has exercised a change of control-based option to redeem the remaining residual royalty financing provided by its joint venture subsidiary Great Bay Renewables (“Great Bay”). The option exercise follows the recently announced sale of a majority interest in Apex. Great Bay will retain the previously disclosed three royalties it has earned to date under the Apex investment agreement.
Under the buyout option terms, the provisional purchase consideration, including a buyout premium calculated under the investment agreement, is approximately US$70 million, $41.7 million of which is a cash payment, with the remainder representing an estimated value ascribed to the retained royalties in accordance with the agreement. There can be no assurance that the provisional value ascribed to the retained royalties under the agreement will be achieved. A formal valuation of the retained royalties will be completed 6 months following the achievement of commercial operations for each project, as prescribed by the original terms of the investment agreements, and true-up payments to Great Bay or Apex may be made at that time to account for any differences between current provisionally estimated amounts and the formal royalty valuation calculations.
Antwort auf Beitrag Nr.: 70.191.656 von Bertiwins am 11.12.21 17:47:50Osisko Gold Royalties ist ein seed investor von Carbon Stream und ich bin Osisko investor.
Antwort auf Beitrag Nr.: 70.154.600 von KMST am 08.12.21 09:26:28Danke, interessant. Die sind an der NEO-Exchange in Kanada...wie kamst du auf die?
Zu ARR: Boring, but beautiful. So verdient man Geld. Aktie kaufen und liegen lassen.
Zu ARR: Boring, but beautiful. So verdient man Geld. Aktie kaufen und liegen lassen.
läuft jetzt wie eine gut geölte maschine...und niemanden interessiert es bis jetzt.
ähnlich zu Carbon Streaming Corporation. deren geschäftsmodell ist eher an carbon credit futures contracts ausgerichtet. deren wert kann man am ehesten am KraneShares Global Carbon ETF ablesen. auch ne interessante bude
ähnlich zu Carbon Streaming Corporation. deren geschäftsmodell ist eher an carbon credit futures contracts ausgerichtet. deren wert kann man am ehesten am KraneShares Global Carbon ETF ablesen. auch ne interessante bude
NEWS: Altius Renewable Royalties stellt aktualisierte Informationen zu Entwicklungslizenz von Windprojekt in Texas bereit
https://www.wallstreet-online.de/nachricht/14771102-dgap-new…
https://www.wallstreet-online.de/nachricht/14771102-dgap-new…
Trading Spotlight
Antwort auf Beitrag Nr.: 69.914.592 von KMST am 14.11.21 17:18:02Danke. Der ARR-Kurs sieht wirklich sehr gut aus. Ich denke das geht auf $12 bis Ende des Jahres.
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)-- Altius Renewable Royalties Corp. (ATRWF) (TSX: ARR) (OTCQX: ATRWF) (“ARR” or the “Company”), will file on SEDAR financial results for the quarter ended September 30, 2021 today after the close of trading with a conference call to follow November 9, 2021 at 9 am ET.
Brian Dalton, CEO of ARR, commented as follows: “This was a very notable quarter in the business development history of ARR as adoption of our innovative royalty financing structures within the US renewable energy sector continued to expand. By closing our first two investments in operating stage assets, the potential addressable market for our royalty funding has widened dramatically, while demand for projects stemming from our developer funding initiatives also continued to be strong. As a result, the expected timeline to achieve the milestone of positive cash flow has been accelerated to 2022 - and increased our belief in the positive role we can play in supporting the clean energy transition.”
Q3 2021 Business Highlights
A total of US$87.5 million in royalty-based financing was deployed during the quarter on operating stage projects by Great Bay Renewables (“GBR”), a joint venture company of ARR and funds managed by affiliates of Apollo Global Management, Inc. (APO) (“Apollo Funds”). As a result of these investments Apollo Funds completed its funding obligations to earn a 50% interest in the GBR joint venture and the partners have therefore begun to fund opportunities on an equal basis.
On August 3, 2021 ARR announced the closing of a US$35 million royalty investment with Longroad Energy (“Longroad”) relating to its 250 MW Prospero 2 solar project in Texas. This represented the first operating royalty investment made by GBR, with annual revenue contributions expected to commence in January 2022 using royalty rates that vary over time. Longroad is a top-tier developer, owner and operator of renewable energy projects, having developed over 60 renewable energy projects totaling over 6 GWs across North America.
On September 30, 2021 ARR announced the closing of a US$52.5 million royalty investment with Northleaf Capital Partners (“Northleaf”) related to the 150 MW Old Settler wind project, the 50 MW Cotton Plains wind project and the 15 MW Phantom Solar project. These three Texas based projects are all currently operational and began generating royalty revenue upon closing of the transaction. The royalty investment has been structured using royalty rates that vary over time and provide GBR with US$4-7 million per year over the first 10 years of the investment. Northleaf is a global private markets investment firm with US$17 billion in private equity, private credit, and infrastructure commitments under management.
Construction activities continued to progress at the 195 MW Jayhawk wind project in Kansas with completion anticipated late in Q4 2021. A 2.5% royalty relating to this project was created and assigned to GBR upon its sale to WEC Energy and Invenergy earlier this year.
During the quarter, a new developer financing-based royalty (2.5% of gross revenue) in favour of GBR was created on a 500 MW renewable energy project in Texas that is currently expected to issue notice-to-proceed in early 2022.
Subsequent to quarter end, a new developer financing-based royalty (2.5% of gross revenue) in favour of GBR was created on a 300 MW renewable energy project in Texas.
ARR, through its GBR joint venture, is now entitled to royalties on 16 renewable energy projects representing approximately 3,510 MW of US based wind and solar power generation projects that are well diversified by counterparty, contracted and market based sales strategies and regional power pools. Please refer to the Management’s Discussion and Analysis (“MD&A”) for additional royalty and project details.
Q3 2021 Financial Results
The cash position of ARR at September 30, 2021 was US$54.9 million, after pro-rata funding approximately US$22.7 million of new GBR investments during the quarter. The cash on hand is available to fund ongoing operations and deployment into renewable royalty opportunities with existing and new partners.
For the quarter ended September 30, 2021, ARR reported a net loss of US$1,410,500 and a net loss per share of US$0.05. This compares to a net loss of US$682,500 in Q2 2021, and a net loss of US$349,700 in Q3 2020, when the Company was wholly owned by Altius Minerals Corporation. The majority of royalties created to date are on projects that are at various stages of development and are therefore not currently providing royalty revenue. However, the Northleaf and Longroad transactions (referenced above) are on operating assets with first revenue expected to be recorded in Q4 this year and Q1 next year, respectively. First revenue from a project royalty created through developer financing structures is also expected in 2022 upon commissioning of the Jayhawk wind project.
Brian Dalton, CEO of ARR, commented as follows: “This was a very notable quarter in the business development history of ARR as adoption of our innovative royalty financing structures within the US renewable energy sector continued to expand. By closing our first two investments in operating stage assets, the potential addressable market for our royalty funding has widened dramatically, while demand for projects stemming from our developer funding initiatives also continued to be strong. As a result, the expected timeline to achieve the milestone of positive cash flow has been accelerated to 2022 - and increased our belief in the positive role we can play in supporting the clean energy transition.”
Q3 2021 Business Highlights
A total of US$87.5 million in royalty-based financing was deployed during the quarter on operating stage projects by Great Bay Renewables (“GBR”), a joint venture company of ARR and funds managed by affiliates of Apollo Global Management, Inc. (APO) (“Apollo Funds”). As a result of these investments Apollo Funds completed its funding obligations to earn a 50% interest in the GBR joint venture and the partners have therefore begun to fund opportunities on an equal basis.
On August 3, 2021 ARR announced the closing of a US$35 million royalty investment with Longroad Energy (“Longroad”) relating to its 250 MW Prospero 2 solar project in Texas. This represented the first operating royalty investment made by GBR, with annual revenue contributions expected to commence in January 2022 using royalty rates that vary over time. Longroad is a top-tier developer, owner and operator of renewable energy projects, having developed over 60 renewable energy projects totaling over 6 GWs across North America.
On September 30, 2021 ARR announced the closing of a US$52.5 million royalty investment with Northleaf Capital Partners (“Northleaf”) related to the 150 MW Old Settler wind project, the 50 MW Cotton Plains wind project and the 15 MW Phantom Solar project. These three Texas based projects are all currently operational and began generating royalty revenue upon closing of the transaction. The royalty investment has been structured using royalty rates that vary over time and provide GBR with US$4-7 million per year over the first 10 years of the investment. Northleaf is a global private markets investment firm with US$17 billion in private equity, private credit, and infrastructure commitments under management.
Construction activities continued to progress at the 195 MW Jayhawk wind project in Kansas with completion anticipated late in Q4 2021. A 2.5% royalty relating to this project was created and assigned to GBR upon its sale to WEC Energy and Invenergy earlier this year.
During the quarter, a new developer financing-based royalty (2.5% of gross revenue) in favour of GBR was created on a 500 MW renewable energy project in Texas that is currently expected to issue notice-to-proceed in early 2022.
Subsequent to quarter end, a new developer financing-based royalty (2.5% of gross revenue) in favour of GBR was created on a 300 MW renewable energy project in Texas.
ARR, through its GBR joint venture, is now entitled to royalties on 16 renewable energy projects representing approximately 3,510 MW of US based wind and solar power generation projects that are well diversified by counterparty, contracted and market based sales strategies and regional power pools. Please refer to the Management’s Discussion and Analysis (“MD&A”) for additional royalty and project details.
Q3 2021 Financial Results
The cash position of ARR at September 30, 2021 was US$54.9 million, after pro-rata funding approximately US$22.7 million of new GBR investments during the quarter. The cash on hand is available to fund ongoing operations and deployment into renewable royalty opportunities with existing and new partners.
For the quarter ended September 30, 2021, ARR reported a net loss of US$1,410,500 and a net loss per share of US$0.05. This compares to a net loss of US$682,500 in Q2 2021, and a net loss of US$349,700 in Q3 2020, when the Company was wholly owned by Altius Minerals Corporation. The majority of royalties created to date are on projects that are at various stages of development and are therefore not currently providing royalty revenue. However, the Northleaf and Longroad transactions (referenced above) are on operating assets with first revenue expected to be recorded in Q4 this year and Q1 next year, respectively. First revenue from a project royalty created through developer financing structures is also expected in 2022 upon commissioning of the Jayhawk wind project.
Heute auch IPO Preis wieder überschritten…der Energie Sektor ist aber auch „one hell of a drug“ die letzten Wochen
Neues ARR CEO-Interview von Crux Investor:
ARR wird ab Minute 17:30 besprochen.
ARR wird ab Minute 17:30 besprochen.
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Altius Renewable Royalties - First Mover des Royalty Geschäftsmodells in den Sektor der erneuerbaren
