Northwire Canada EditionTuesday, July 14, 2026
Northwire
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Financings

RE Royalties Announces Second Tranche Investment of $800,000 in Solaris Energy's U.S. Distributed Generation Solar Portfolio

RE · Price

Executive Summary

  • RE Royalties Ltd. announced a further USD $800,000 investment in Solaris Energy’s distributed‑generation solar portfolios, bringing total royalty investment to USD $9 million.
  • Portfolio 1 royalty purchase totals USD $4.8 million (USD $3 M funded at closing; remaining USD $1 M expected by Q2 2026).
  • Portfolio 2 royalty purchase is pending due‑diligence and customary closing conditions, with execution anticipated later in 2026.

Key Details

  • Investment Amount: Additional USD $800,000 tranche to Solaris Energy.
  • Total Royalty Commitment: USD $9 million across two solar portfolios.
  • Portfolio 1:
  • Total royalty purchase price – USD $4.8 million.
  • Funding at closing – USD $3 million (announced Jan 7 2026).
  • Remaining USD $1 million to be funded by Q2 2026, subject to conditions.
  • Consists of 15 projects (9 under construction, several nearing operation, 6 in development) located in CA, ME, DE, NH, CO.
  • Portfolio 2:
  • Royalty purchase pending completion of due‑diligence and satisfaction of customary closing conditions.
  • Expected to close later in 2026, completing the USD $9 million total investment.
  • Royalty Structure: Royalty rate will be adjusted at each advance to target a pre‑agreed minimum return over a 25‑year period; royalties continue beyond 25 years for remaining life of Portfolio 1 projects.
  • Strategic Rationale: Investment aligns with RE Royalties’ strategy to partner with high‑quality developers and secure long‑term royalties on contracted clean‑energy assets, expanding exposure to the commercial/industrial distributed generation market.
  • Quotes:
  • Peter Leighton, COO, RE Royalties – highlighted the partnership’s fit with the company’s growth strategy in DG solar.
  • Nick Perugini, CEO, Solaris Energy – described the tranche as a “strong vote of confidence” enabling accelerated deployment and project advancement.

Notable Quotes

  • “Our continued investment in Solaris Energy reflects RE Royalties' strategy of partnering with high‑quality developers to secure long‑term royalties on contracted clean energy assets.” – Peter Leighton, COO, RE Royalties
  • “This second tranche of financing from RE Royalties is a strong vote of confidence in Solaris Energy's execution and growth trajectory.” – Nick Perugini, CEO, Solaris Energy
Read the original news release →

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