Altius Renewable Royalties
Summary
St. Johns, Canada - Altius Renewable Royalties Corporation (ARR) (TSX:ARR, OTCQX: ATRWF) is pleased to announce that its jointly controlled subsidiary, Great Bay Renewables LLC (Great Bay), has entered into a transaction with U.S. renewable energy developer, Hexagon Energy, LLC (Hexagon), to gain future royalties related to Hexagons portfolio of solar, solar plus battery storage and standalone battery storage development projects. Great Bay is jointly controlled by ARR and certain Apollo-managed funds (NYSE: APO).Hexagon, based in Charlottesville, Virginia, is committing its portfolio of 43 development projects totalling 5.3 GWac located across 12 states and four regional transmission organizations as well as any additional projects added to its portfolio in the future to this new royalty investment structure with Great Bay. In addition to royalties, Great Bay has the option to receive a portion of the cash proceeds from project sales. Hexagon Energy was represented by a legal team at JWM Law, PLLC led by Cliff Moorman.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. The Corporation 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.For further information, please contact:This news release contains forwardlooking information.