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Home Altius Renewable Royalties Announces US$40MM Bridge Facility with Nova Clean Energy

The following content is a news release distributed by . The original news release may be found here.

Altius Renewable Royalties Announces US$40MM Bridge Facility with Nova Clean Energy

ST. JOHN’S, Newfoundland--(BUSINESS WIRE)---- $ARR.TO #USsolar--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 follow-on transaction with its development partner, Nova Clean Energy, LLC (“Nova”) to provide a US$40 million secured term loan facility (“the Loan”). As part of the Loan, Great Bay will receive up to 500 MW of additional royalties on Nova’s pipeline of projects...

Read the full news release here

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