Portsmouth, NH (June 21, 2023) – Great Bay Renewables, LLC (“Great Bay”) today announced it has entered into a transaction with U.S. renewable energy developer, Hexagon Energy, LLC (“Hexagon”), to gain future royalties related to Hexagon’s portfolio of solar, solar plus energy storage and standalone energy storage development projects. Great Bay is jointly controlled by Altius Renewable Royalties Corporation and certain Apollo-managed funds.
Hexagon, based in Charlottesville, Virginia, is committing its portfolio of 43 development projects totaling 5.3 GWac located across 12 states and four regional transmission organizations to this new royalty investment, as well as any future development projects added to its portfolio.
