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    ARR   CA02156G1028

ALTIUS RENEWABLE ROYALTIES CORP.

(ARR)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-11-30 pm EST
9.520 CAD   +1.28%
11/08Transcript : Altius Renewable Royalties Corp., Q3 2022 Earnings Call, Nov 08, 2022
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11/08Altius Renewable Swings to Q3 EPS of US$0.01 from Year-Ago Loss of US$0.05 Per Share, Beats Estimate
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11/07Altius Renewable Royalties Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
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Canada's Enbridge buys U.S. green power firm Tri Global

09/29/2022 | 10:55am EST
The Enbridge Centre company office is seen in Edmonton

(Reuters) - Enbridge Inc has acquired U.S.-based renewable energy developer Tri Global Energy (TGE) for $270 million and assumed its debt, the Canadian pipeline operator said on Thursday.

The all-cash deal strengthens Enbridge's North American renewables portfolio, it said, adding that TGE is the third-largest onshore wind developer in the United States.

"Rising targets for State renewable portfolio standards and growing private sector demand for zero carbon electricity are set to drive investment in wind and solar power generation significantly higher in the next decade," Enbridge said.

The Calgary-based firm also said it could make up to about $50 million in additional payments as TGE completes certain projects.

Dallas-based TGE has developed and monetized more than 6 GW of utility scale solar and wind projects since its inception in 2009.

Earlier in the day, clean energy investor Altius Renewable Royalties Corp said that even after Enbridge's buyout it would continue to receive royalty contracts from projects in TGE's current development pipeline until a joint venture hits its threshold return on the $46.5 million it has invested in TGE.

The royalty contracts are committed to Altius through Great Bay Renewables LLC, the JV with affiliates of Apollo Global Management Inc.

(Reporting by Ruhi Soni in Bengaluru; Editing by Maju Samuel)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALTIUS RENEWABLE ROYALTIES CORP. 1.28% 9.52 Delayed Quote.-14.47%
ENBRIDGE INC. 0.05% 55.55 Delayed Quote.12.59%
All news about ALTIUS RENEWABLE ROYALTIES CORP.
11/08Transcript : Altius Renewable Royalties Corp., Q3 2022 Earnings Call, Nov 08,..
CI
11/08Altius Renewable Swings to Q3 EPS of US$0.01 from Year-Ago Loss of US$0.05 Per Share, B..
MT
11/07Altius Renewable Royalties Corp. Reports Earnings Results for the Third Quarter and Nin..
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10/18Altius Minerals Reports Q3 2022 Expected Attributable Royalty Revenue of $26.4 Million
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10/17National Bank Maintains Altius Renewable Royalties' Outperform Rating as Altius Raises ..
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10/17Altius Renewable Royalties Raises 2022 Guidance For Great Bay Joint Venture
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10/17Altius Renewable Royalties Brief: Reporting Q3 Expected..
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10/17Altius Renewable Royalties Corp. Raises Revenue Guidance for the Year of 2022
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10/07National Bank Expects Tailwinds for Renewable Power Infrastructure from Accelerating Gr..
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09/29Canada's Enbridge buys U.S. green power firm Tri Global
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More news
Analyst Recommendations on ALTIUS RENEWABLE ROYALTIES CORP.
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Financials (USD)
Sales 2022 4,43 M - -
Net income 2022 -1,40 M - -
Net cash 2022 55,3 M - -
P/E ratio 2022 -402x
Yield 2022 -
Capitalization 186 M 186 M -
EV / Sales 2022 29,6x
EV / Sales 2023 26,7x
Nbr of Employees -
Free-Float 40,1%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 7,03 $
Average target price 10,14 $
Spread / Average Target 44,1%
EPS Revisions
Managers and Directors
Brian Francis Dalton President & Chief Executive Officer
Benjamin Lewis Chief Financial Officer
Earl A. Ludlow Chairman
Anna El-Erian Stylianides Independent Director
AndrÚ Gaumond Independent Director
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