Polaris Infrastructure Inc. (TSX:PIF) agreed to acquire Emerald Solar Energy SRL for $18.4 million on April 20, 2022. The purchase price is subject to customary working capital changes from signing of the SPA until closing. The closing of the acquisition is subject to customary conditions including approval of the share transfer by appropriate local ministries and the project lender. Closing is anticipated to take place within 90 days. Justin Vineberg, Vanessa Pendenza and Marc André Gaudreau Duval of Davies Ward Phillips & Vineberg LLP acted as legal advisor to Polaris Infrastructure Inc.

Polaris Infrastructure Inc. (TSX:PIF) completed the acquisition of Emerald Solar Energy SRL for $20.3 million on June 28, 2022. Polaris Infrastructure funded the acquisition with cash on hand.