It is all well and good to state that we are, “Investing in a cleaner future,” making the world a better, greener, place. How does the money we invest genuinely help to do that? The short answer is — it does more than you think!
Since the origin of RE Royalties, the money we invest has contributed to providing a multitude of positive benefits to the environment in both direct and indirect ways.
For our very first deal back in 2016, a developer contacted us who possessed an existing royalty on a wind farm in northeastern British Columbia. Each year, he was collecting a sizeable cheque from the large Independent Power Producer (IPP) who had bought and was now operating, the project. He could have easily sat there and let the money roll in year after year for the remainder of the life of the project, but that wasn’t good enough for him. He was eyeing the development of a new project but required a more substantial sum of money than his yearly royalty cheque.
That’s where we came in.
RE Royalties collaborated with the developer to fairly price the remaining royalty payments and cut him a cheque for that amount in return for the rights to the residual royalty stream. He took the money we gave him and did exactly what we hoped he would, developed another project right here in BC. The best part? That project is nearing its commercial operation date, and we hope to be able to work out a similar deal with him on this new project. We love repeat customers!
So, if you think about it, our dollars allowed a brand new renewable energy project to be developed and eventually built. Without our help, there’s a good chance it would never have happened at all — that’s the indirect impact of our investment. The direct part comes from having a stake in a renewable energy project that pumps out thousands of GWhs of clean energy every year.
Stay tuned over the coming weeks for additional post in this series highlighting key examples of our impact and, more specifically, how we are tackling a key target of SDG #7: increasing the share of renewable energy in the global energy mix.