Project Success Story: Supporting Indigenous-led Solar Development in Canada

As we continue to celebrate five years since the launch of our inaugural Green Bond, RE Royalties is proud to highlight another project making a positive environmental impact achieved with the help and support of our bondholders. The Cardston Clean Communities project is an excellent example of how sustainable and impactful financing pushes for not only environmental progress but also supports the Indigenous communities in Canada. 

In 2023, Clean Communities, an Indigenous-led and majority owned cleantech company that partners with leading technology providers to propel clean infrastructure, energy, and transportation initiatives. signed a non-repayable contribution agreement with the Canadian Federal Government represented by the Department of Natural Resources Canada under their Smart Renewables and Electrification Pathways Program. RE Royalties provided a CAD $1.7 Million secured loan to support the construction of a 4MW solar in Cardston, Alberta. 

Ryan Tourigny, President said, “We are delighted to enter our first transaction with RE Royalties as Clean Communities Corporation continues to grow its portfolio of clean infrastructure assets in North America. We particularly appreciate the RE Royalties team for their creativity in addressing gaps in clean infrastructure financing.” 

With the support of our green bond investors, RE Royalties Ltd. is helping to finance projects like the ones developed by Cardston Clean Communities that deliver measurable benefits to communities and the environment. 

We extend our gratitude to all green bondholders and partners who continue to make this progress possible. We are proving that together, sustainable capital can deliver profitable returns and meaningful impact, driving real and lasting change around the world.