Altius Announces Third Renewable Energy Royalty from TGE Transaction
Date:
Ticker Symbol:
10-Mar-2020
ALS.TSX
Civic Address:
Altius Minerals Corporation
2nd Floor, 38 Duffy Place
St. John’s, NL, A1B 4M5, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
Altius Announces Third Renewable Energy Royalty from TGE Transaction
St. John’s - Altius Minerals Corporation (“Altius”) (ALS:TSX, ATUSF: OTCQX) is pleased to announce that its subsidiary,
Altius Renewable Royalties Corp., has received its third renewable energy royalty, and its first related to a solar energy
project, under the royalty financing agreement that it announced early in 2019 with Tri Global Energy (“TGE”).
The announcement made by TGE today is as follows:
Tri Global Energy Announces Sale of Texas Solar Project to Silverpeak
Dallas (March 9, 2020) – Tri Global Energy, a leading developer of renewable energy, today announced an agreement to
sell the 180-megawatt Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy
and credit. Tri Global Energy will maintain its role as lead developer through project financing and construction. As this is
now the second venture completed between Silverpeak and Tri Global, the part nership anticipates more successful joint
projects in the future.
Flatland Solar is Tri Global Energy’s first solar project in development in Texas, and this represents the latest milestone
for the company to enable the construction and operation of the project. Located in Scurry County, Texas, nearly 100
miles south of Lubbock, Texas, Flatland Solar is a 950-acre secured site, expected to break ground later this year. Nearly
690,000 solar panels will be installed as part of the construction process with expansion possible during later phases. The
energy generated from Flatland Solar will be delivered to the ERCOT grid.
“As our first utility-scale solar energy project, Flatland Solar represents a significant milestone for us as a developer of
clean energy projects,” said John Billingsley, Chairman and CEO of Tri Global Energy. “We’re pleased to share this
achievement with Silverpeak, an outstanding company which shares our mission for creating renewable energy solutions.”
“Flatland Solar adds diversity to our growing portfolio of renewable energy assets and benefits from the high insolation
level in West Texas, which is among the highest in the U.S.,” said Santosh Raikar, Head of Silverpeak’s Renewables
group. “This transaction further bolsters our relationship with Tri Global, and we look forward to working with them closely
to successfully complete the project.”
Congressman Jodey Arrington (R-Texas) represents Scurry County as part of his Congressional District 19. “West Texas
has long been known for its vast oil and gas resources. However, renewable energy projects li ke Flatland Solar are
helping the Lone Star State diversify its energy sources, strengthen America’s energy independence and further its role as
the leader in both conventional and renewable energy,” said Congressman Arrington.
Great Bay Renewables, a subsidiary of Altius Renewable Royalties, has provided royalty financing in support of Tri Global
Energy completing project development.
About Tri Global Energy
Tri Global Energy is an independent renewable energy originator and developer in the U.S. The company is a leading
wind developer in Texas and is among the top five in the U.S. for projects under construction. Nearly 3,500 megawatts of
Tri Global’s development projects are either in financing, construction or operation, including wind, solar and energy
storage projects.
Date:
Ticker Symbol:
10-Mar-2020
ALS.TSX
Civic Address:
Altius Minerals Corporation
2nd Floor, 38 Duffy Place
St. John’s, NL, A1B 4M5, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
Founded in 2009, Tri Global Energy’s mission is to improve communities through local economic development generated
by originating and commercializing renewable energy projects. The company currently develops and owns utility -scale
wind and solar energy projects in Texas, Nebraska, Illinois, Indiana and Virginia. Tri Global is headquartered in Dallas
with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois and Hartford City, Indiana. For more
information, visit www.triglobalenergy.com.
About Silverpeak Renewables Investment Partners
Silverpeak is an alternative investment management firm focused on creating long -term value in three specific sectors:
real estate, energy and credit. The firm’s sector-focused platform includes more than 100 employees who have invested
in over $19 billion in gross asset value since the firm’s founding in 2010. Silverpeak’s Renewables group invests in power
projects employing established renewable energy technologies, including wind, solar and energy storage. Further
information is available at https://www.silverpeak.com/.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high
margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability -
related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation
electrification, reduced emissions from steel making and increasing agricultural yield requirements. These each hold the
potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based
electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 4 1,810,296
common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the
S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For further information, please contact Flora Wood ([email protected]) at 1.877.576.2209