RE Royalties Secures $6.3 Million for Alberta Solar Project

RE Royalties Ltd., a leader in renewable energy financing, has announced a $6.3 million secured loan agreement with Alpin Solar SA. The financing will support a 200 MWAC solar project in Sturgeon County, Alberta, managed by Sol Aurora Ltd., a subsidiary of Alpin Sun. Once operational, the project should deliver 386,000 MWh annually, powering approximately 57,000 homes and reducing emissions by 227,700 tonnes of CO2.

The loan will back a letter of credit required by the Alberta Electricity System Operator and entails a 13% annual interest over 12 months. Additionally, RE Royalties will receive a revenue royalty of $0.25 per MWh from the project’s energy production. CEO Bernard Tan emphasized the project’s environmental benefits and the flexibility provided by their royalty solution. Alpin Sun's CEO, Bogdan Micu, praised the collaboration and expertise of RE Royalties.