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  • Writer's pictureBryce Anderson

Investing in a Cleaner Future - Part 3

Wind in BC, solar in Ontario and Kenya, Part 1 and Part 2 of this series has shown both the diverse applications as well as the positive impacts of our business model. Part 3 is no exception.

Early in 2019, a large developer, owner, and operator of rooftop solar projects in Ontario reached out to us. They were having some difficulties in their business and wanted to see if we had a solution that could help.

They already had an extensive portfolio of operational solar projects and were in the process of developing several more. However, their financing partner for these new projects was taking longer to complete due diligence than anticipated and, due to the recent political changes in Ontario, there was a risk they might not receive the necessary construction financing in time to meet key milestone dates that would result in them losing their FIT contracts.

Fortunately, we were able to help them by providing a short-term loan that also included a royalty over their existing operational projects. Our creative financing solution allowed them to achieve the milestones they needed in order to ensure that the new carbon-offsetting projects got built (indirect impact) while also providing us with a stake in their projects that were already producing clean energy (direct impact).

As you can see, RE Royalties provides a multitude of both direct and indirect impacts in a variety of ways through its creative financing solutions. However, through it all, there is one common theme - increasing the share of renewable energy in the global energy mix, which is one of the main targets of SDG #7: Affordable and Clean Energy.

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