TORONTO, Jan. 11, 2021 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, announced today that it has extended the period of exclusivity to June 30, 2021 for the Memorandum of Understanding (“MOU”) signed in 2020 to acquire the owner of a Panama-based 10 MW run-of-river hydro project called Chuspa (the “Project”) from Navitas Holdings, Inc. of Panama. 

Due to restrictions arising from Covid-19 Polaris was unable to commence the construction of the Project in 2020.  … Continue Reading

TORONTO, Dec. 17, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” 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 its board of directors has approved revised terms to its Power Purchase Agreement (“PPA”) at its San Jacinto geothermal facility in Nicaragua by its wholly-owned subsidiary Polaris Energy Nicaragua, S.A. (“PENSA”).  

After extensive discussions with the Ministry of Energy and Mines in Nicaragua, the Company is proud to announce the following as it relates to the continuing commitment … Continue Reading

TORONTO, Nov. 5, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to report its financial and operating results for the three and nine month periods ended September 30, 2020.  This earnings release should be read in conjunction with Polaris Infrastructure’s Consolidated Financial Statements and Management’s Discussion and Analysis, which are available on the Company’s website at www.polarisinfrastructure.com and have been posted on SEDAR at www.sedar.com.  The dollar figures below are denominated … Continue Reading

TORONTO, Nov. 5, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” 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 its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding.  

This dividend will be paid on November 30th, 2020 to shareholders of record at the close of business on November 20th, 2020. The dividend is an “eligible dividend” as designated for Canadian federal, provincial and territorial income tax purposes.

“Our ability to continue … Continue Reading

TORONTO, Aug. 6, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” 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 its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding.  

This dividend will be paid on August 28, 2020 to shareholders of record at the close of business on August 17, 2020. The dividend is an “eligible dividend” as designated for Canadian federal, provincial and territorial income tax purposes.

“Our ability to continue … Continue Reading

TORONTO, Aug. 6, 2020 Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to report its financial and operating results for the three and six month periods ended June 30, 2020.  This earnings release should be read in conjunction with Polaris Infrastructure’s Consolidated Financial Statements and Management’s Discussion and Analysis, which are available on the Company’s website at www.polarisinfrastructure.com and have been posted on SEDAR at www.sedar.com.  The dollar figures below are denominated in US … Continue Reading

TORONTO, June 17, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris” or the “Company”) is pleased to announce that all resolutions were passed at the Company’s annual meeting (the “Meeting”) held via live video webcast today.

In addition to the election of each of the nominee directors discussed in detail below, PricewaterhouseCoopers LLP were re- appointed as auditors of the Company. The board of directors determined prior to the Meeting to withdraw the resolution pertaining to the re-approval of the Company’s omnibus long-term incentive plan and the approval of the unallocated awards thereunder and as such, this resolution … Continue Reading

TORONTO, June 16, 2020 /CNW/ – Polaris Infrastructure 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, announced today that it signed a Memorandum of Understanding  (“MOU”) to acquire 100% of the equity of a Panama-based 10 MW run-of-river hydro project called Chuspa (the “Project”) from Navitas Holdings Inc. (“Navitas”). 

The key terms of the MOU state that:

TORONTO, June 10, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, today provided an update regarding its annual and special meeting of shareholders to be held in a virtually-only format on June 17, 2020 at 10:00 a.m. (Toronto time) (the “Meeting“) and the voting procedures available to shareholders. 

Virtual Only Meeting Format

As previously noted, as a result of the unprecedented public health impact of COVID-19 and to mitigate risks to health and safety … Continue Reading

TORONTO, June 5, 2020 /CNW/ – Polaris Infrastructure 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 it has closed on a US$27M loan financing (the “Loan”) today with the Brookfield Infrastructure Debt Fund, a global credit-focused fund managed by Brookfield Asset Management Inc (NYSE: BAM).

The Loan has been made to a 100% owned non-operating subsidiary of Polaris that holds all of the equity of its operating run-of-river hydro projects in Peru, including the Canchayllo … Continue Reading

TORONTO, May 21, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to report its audited financial and operating results for the period ended March 31, 2020.  This earnings release should be read in conjunction with Polaris Infrastructure’s Consolidated Financial Statements and Management’s Discussion and Analysis, which are available on the Company’s website at www.polarisinfrastructure.com and have been posted on SEDAR at www.sedar.com.  The dollar figures below are denominated in US Dollars … Continue Reading

TORONTO, May 8, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” 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 its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding.  

This dividend will be paid on May 29, 2020 to shareholders of record at the close of business on May 15, 2020. The dividend is an “eligible dividend” as designated for Canadian federal, provincial and territorial income tax purposes.

“Our ability to continue … Continue Reading