Altius and Apollo Joint Venture Commits Additional US$25 Million Investment Into Tri Global Energy
10/28/20, 11:50 AM
Location
Money raised
$25 million
Altius Minerals Corporation (ALS:TSX) (ATUSF:OTCQX) (“Altius”) is pleased to report the first investment under the recently announced joint venture between its subsidiary, Altius Renewable Royalties Corp., and certain funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (“Apollo”). This US$25 million investment in Tri Global Energy (“TGE”) follows an initial US$30 million investment announced in Q1 2019 and reflects TGE’s continuing success in completing project sales with attached royalties while also expanding its future projects pipeline. The full text of the announcement by Great Bay Renewables, LLC, the operating subsidiary of the Altius-Apollo joint venture, is reproduced below.
Company Info
Company
Tri Global Energy
Location
st. john’s, newfoundland and labrador, canada
Additional Info
Tri Global Energy (TGE) is an independent renewable energy originator and developer in the U.S. The company is the leading wind developer in Texas and among the top five in the U.S. for projects under construction. Nearly 4,000 megawatts of TGE’s development projects are either in financing, construction or operation, including wind, solar and energy storage projects.