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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Utilities Utilities - Independent Power Producers
Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Polaris Renewable Energy Inc
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Comment by Byteson Mar 01, 2010 11:42pm
213 Views
Post# 16832021

Ask at 3.02

Ask at 3.02Mystery solved.

Icelandic company, Geysir Green Energy, is selling its assets to reduce debt.

One asset just happened to be almost 4 million shares of RPG.

Dec. 14, 2009: (Intention to sell assets)
https://thinkgeoenergy.com/archives/3220

March 1, 2010: (RPG shares sold)
https://www.geysirgreenenergy.com/news/nr/154

(This is also how Magma acquired a large stake in Icelandic geothermal company HS Orku.)







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