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Polaris Renewable Energy Announces Signing of 25 MW (AC) Power Purchase Agreement for Solar Project Canoa II

Polaris Renewable Energy Announces Signing of 25 MW (AC) Power Purchase Agreement for Solar Project Canoa II

北極星可再生能源宣佈簽署太陽能項目 Canoa II 的 25 兆瓦 (AC) 電力購買協議
Accesswire ·  2023/05/24 20:05

TORONTO, ON / ACCESSWIRE / May 24, 2023 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company"), a Toronto-based company engaged in the operation, acquisition, and development of renewable energy projects in Latin America, is pleased to announce that we have signed a Power Purchase Agreement (PPA) in the Dominican Republic for Canoa II. The Canoa II solar project is adjacent to the already operational 25MW Canoa I, which was acquired by the Company in July of 2022, and is inthe Province of Canoa, Municipality of Barahona, Dominican Republic. Polaris owns 100% of the project.

多倫多,於/ACCESSWIRE/2023年5月24日/北極星可再生能源公司(多倫多證券交易所股票代碼:PIF)(以下簡稱“北極星”或“公司”)是一家總部位於多倫多的公司,在拉丁美洲從事可再生能源專案的運營、收購和開發。該公司高興地宣佈,我們已經在多明尼加共和國簽署了一項關於Canoa II的購電協定(PPA)。Canoa II太陽能專案毗鄰已經投入運營的25兆瓦Canoa I太陽能專案,該專案於2022年7月被該公司收購,位於多明尼加共和國巴拉霍納市加諾亞省。北極星擁有該專案100%的股份。

Particulars related to the Canoa II PPA and project are:

與CANOA II PPA和項目有關的詳情如下:

  • 15-year PPA denominated in US$ of $82.35 per MWh;
  • Such PPA has an annual inflator for 5 years post initial commencement, equivalent to approximately 16% of the US Consumer Price Index, at which point the price remains fixed until the end of the 15-year term;
  • Estimated completion of construction in the third quarter of 2024;
  • 以美元計價的15年期PPA為每兆瓦時82.35美元;
  • 這種購買力平價保險在最初開始後的5年內每年有一個充氣裝置,相當於美國消費者價格指數的大約16%,在這一點上價格保持不變,直到15年期限結束;
  • 預計2024年第三季度竣工;

Polaris CEO Marc Murnaghan commented "I am very pleased to have signed the PPA for Canoa II. It represents a key milestone of the first internally developed project by the Company and validates a key strategic benefit of the acquisition which was completed in 2022. Moving forward with the project also enables the Company to continue to grow and diversify, both in the region and in renewable energy asset mix."

北極星首席執行官Marc Murnaghan表示:“我非常高興簽署了Canoa II的PPA。這是公司第一個內部開發專案的一個重要里程碑,驗證了2022年完成的收購的關鍵戰略利益。推進該專案還使公司能夠繼續在該地區和可再生能源資產組合中增長和多樣化。”

About Polaris Renewable Energy Inc.

北極星可再生能源公司簡介

Polaris Renewable Energy Inc. (formerly, Polaris Infrastructure Inc.) is a Canadian publicly traded company engaged in the development, construction, acquisition and operation of renewable energy projects in Latin America.

北極星可再生能源公司(以前,北極星基礎設施公司。)是一家加拿大上市公司,在拉丁美洲從事可再生能源專案的開發、建設、收購和運營。

The Company's operations are in 5 Latin American countries and include a geothermal plant (~72 MW), 4 run-of-river hydroelectric plants (~33 MW), and 3 solar (photovoltaic) projects now in operation (~35 MW).

該公司在5個拉丁美洲國家開展業務,包括一個地熱發電廠(約72兆瓦)、4個徑流水力發電站(約33兆瓦)和3個正在運營的太陽能(光伏)專案(約35兆瓦)。

For more information, contact:

如需更多資訊,請聯繫:

Investor Relations
Polaris Renewable Energy Inc.
Phone: +1 647-245-7199
Email: info@PolarisREI.com

投資者關係
北極星可再生能源公司。
電話:+1 647-245-7199
電子郵件:Info@PolarisREI.com

Cautionary Statements

警示聲明

This press release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance, management's expectations regarding the ability of the Company to continue to pay dividends in the future.Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. Such factors include, among others, the inability of the Company to pay or increase dividends which may be affected by such factors as general business, economic, competitive, political and social uncertainties; the actual results of current geothermal, solar and hydro energy production, development and/or exploration activities and the accuracy of probability simulations prepared to predict prospective geothermal resources; changes in project parameters as plans continue to be refined; possible variations of production rates; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the geothermal and hydro power industries; political instability or insurrection or war; labor force availability and turnover; delays in obtaining governmental approvals or in the completion of development or construction activities, or in the commencement of operations; the ability of the Company to continue as a going concern and general economic conditions, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form. These factors should be considered carefully, and readers of this press release should not place undue reliance on forward-looking information.

本新聞稿包含某些“前瞻性資訊”,可能包括但不限於有關未來事件或未來業績的陳述,管理層對公司未來繼續支付股息的能力的預期。這些前瞻性資訊反映了管理層目前的信念,並基於管理層目前掌握的資訊。前瞻性陳述通常但並非總是可以通過使用“計劃”、“預期”、“預期”、“預算”、“預定”、“估計”、“預測”、“預測”、“打算”、“目標”、“目標”、“預期”或“相信”或這些詞語和短語的變體(包括消極變體)來識別,或可通過某些行動“可能”、“可能”、“應該”、“將”的陳述來識別,“可能”或“將”被採取、發生或實現。許多已知和未知的風險、不確定性和其他因素可能會導致實際結果或表現與前瞻性資訊明示或暗示的任何未來結果或表現大不相同。這些因素包括,公司無法支付或增加股息,這些因素可能受到一般商業、經濟、競爭、政治和社會不確定性等因素的影響;當前地熱、太陽能和水電生產、開發和/或勘探活動的實際結果以及為預測未來的地熱資源而準備的概率類比的準確性;隨著計劃的不斷完善,專案參數的變化;生產率的可能變化;工廠、設備或流程未能按預期運行;事故、勞資糾紛和地熱和水電行業的其他風險;政治不穩定或起義或戰爭;勞動力的可獲得性和更替;獲得政府批准或完成開發或建設活動或開始運營的延遲;公司作為持續經營企業繼續經營的能力和總體經濟狀況,以及公司年度資訊表格中“風險因素”一節討論的那些因素。這些因素應慎重考慮,本新聞稿的讀者不應過分依賴前瞻性資訊。

Although the forward-looking information contained in this press release is based upon what management believes to be reasonable assumptions, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The information in this press release, including such forward-looking information, is made as of the date of this press release and, other than as required by applicable securities laws, Polaris assumes no obligation to update or revise such information to reflect new events or circumstances.

儘管本新聞稿中包含的前瞻性資訊是基於管理層認為合理的假設,但不能保證這些前瞻性資訊將被證明是準確的,因為實際結果和未來事件可能與這些資訊中預期的大不相同。因此,讀者不應過分依賴前瞻性資訊。本新聞稿中的資訊,包括此類前瞻性資訊,均為截至本新聞稿發佈之日的資訊,除適用的證券法要求外,北極星沒有義務更新或修改此類資訊以反映新的事件或情況。

SOURCE: Polaris Renewable Energy Inc.

資料來源:北極星可再生能源公司。


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