Company Polaris Renewable Energy Inc.

PIF

CA73108L1013

Independent Power Producers

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-13 pm EDT			5-day change	1st Jan Change
12.64 ^CAD	+0.64%		+5.33%	-4.46%

Aug. 20	Polaris Renewable Energy Inc. announces an Equity Buyback for 2,045,613 shares, representing 9.7% of its issued share capital.	CI
Aug. 20	Polaris Renewable Energy Inc. authorizes a Buyback Plan.	CI

Business description: Polaris Renewable Energy Inc.

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.

Number of employees: 235

Sales by Activity: Polaris Renewable Energy Inc.

Fiscal Period: December	2019	2020	2021	2022	2023
Nicaragua	69.43M	68.09M	51.81M	48.84M	55.5M
Peru	1.82M	6.63M	7.7M	8.47M	11.26M
Ecuador	-	-	-	736K	2.86M
Dominican Republic	-	-	-	3.67M	7.27M
Panama	-	-	-	-	1.63M
Corporate	-	-	-	-2K	-

See all business segments

Geographical breakdown of sales: Polaris Renewable Energy Inc.

Fiscal Period: December	2019	2020	2021	2022	2023
Peru	1.82M	-	-	-	-
Nicaragua	69.43M	-	-	-	-

See all geographic segments

Managers: Polaris Renewable Energy Inc.

Director	Title	Age	Since
Marc Murnaghan CEO	Chief Executive Officer	52	15-05-12
Yumey Fernandez DFI	Director of Finance/CFO	-	23-08-31
Anthony Jelic DFI	Director of Finance/CFO	-	18-12-09
Leonel Poveda COO	Chief Operating Officer	-	08-04-30
Alonzo Allen AUD	Comptroller/Controller/Auditor	-	03-02-28

See POLARIS RENEWABLE ENERGY INC. governance

Members of the board: Polaris Renewable Energy Inc.

Manager	Title	Age	Since
Jim Lawless BRD	Director/Board Member	71	11-03-06
Jaime Guillen CHM	Chairman	62	15-05-12
Marc Murnaghan CEO	Chief Executive Officer	52	15-05-12
Marcela Paredes de Vásquez BRD	Director/Board Member	62	19-06-18
Adarsh Mehta BRD	Director/Board Member	-	23-05-31
Catherine Fagnan BRD	Director/Board Member	-	23-06-22

Composition of the Board of Directors

Shareholders: Polaris Renewable Energy Inc.

Name	Equities	%	Valuation
BMO Asset Management, Inc. 10.04 %	2,116,864	10.04 %	19 M $
Marc Murnaghan 2.329 %	490,964	2.329 %	4 M $
Erste Asset Management GmbH 2.005 %	422,610	2.005 %	4 M $
Adarsh Mehta 0.5650 %	119,100	0.5650 %	1 M $
Maxam Capital Management Ltd. 0.1660 %	35,000	0.1660 %	314 475 $

List of POLARIS RENEWABLE ENERGY INC. shareholders

Company details: Polaris Renewable Energy Inc.

Polaris Renewable Energy, Inc.

7 Saint Thomas Street Suite 606

M5S 2B7, Toronto

+647 245 7199

http://www.polarisrei.com

address Polaris Renewable Energy Inc.(PIF)

Renewable IPPs

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi. ($)
POLARIS RENEWABLE ENERGY INC.	+0.64%	+5.33%	-18.61%	-27.56%	196M
ADANI GREEN ENERGY LIMITED	-1.31%	-4.03%	+81.76%	+55.58%	33.77B
HUANENG LANCANG RIVER HYDROPOWER INC.	-0.76%	-4.50%	+37.70%	+54.22%	26.41B
EDP RENOVÁVEIS, S.A.	+0.69%	+4.49%	-4.20%	-29.52%	18.53B
NEOEN	+0.13%	+0.13%	+36.30%	+10.89%	6.57B
ENGIE BRASIL ENERGIA S.A.	-2.30%	-1.91%	+4.01%	+12.32%	6.49B
NORTHLAND POWER INC.	+1.22%	+9.34%	-8.81%	-45.63%	4.24B
ERG S.P.A.	+0.80%	+2.37%	-2.86%	-1.65%	4.08B
CLEARWAY ENERGY, INC.	+2.74%	+6.00%	+14.15%	-8.03%	3.35B
ENCAVIS AG	-0.47%	+0.18%	+22.16%	+12.38%	3.06B
Average	+0.14%	+1.77%	+16.16%	+3.30%	10.67B
Weighted average by Cap.	-0.46%	-0.99%	+37.55%	+25.48%