Altius Renewable Royalties Provides Updated Information for Recently Announced Development Royalty

Dec 03, 2021

Altius Renewable Royalties (TSX:ARR, Financial) (OTCQX: ATRWF) (“ARR”) is pleased to provide updated information concerning the recent creation of a developer financing-based 2.5% gross revenue royalty in favor of its joint venture subsidiary, Great Bay Renewables (“GBR”), that ARR disclosed in its Q3 results press release issued on November 8, 2021. JERA Co. Inc. has announced that its subsidiary, JERA Renewables NA, LLC, has acquired the 300 MW El Sauz wind project in Texas and that it expects to begin construction in early 2022 with operations expected to start in the last quarter of the year. GBR is a joint venture company of ARR and funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo Funds”).

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