November 9, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on RE Royalties Ltd. titled, “Innovative Royalty Financing Company with Growing, Resilient, and Long-Term Recurring Revenues in the Renewable Energy Sector”. The report can be accessed here.
RER provides a non-dilutive royalty financing solution (through a combination of short-term loans and the acquisition of revenue-based royalties) to privately held and publicly traded renewable energy and clean energy technology companies. RER’s objective is to acquire a portfolio of long-term, stable, diversified renewable energy royalty and income streams to provide shareholders with capital appreciation and a growing, sustainable, long-term cash distribution. RER is a pioneer and the first publicly traded company to provide this royalty financing for the renewable energy and clean technology sector.
At the end of June 2022, RER owned a portfolio of 110 royalties on various solar, wind, hydro, battery storage, and renewable natural gas projects operating or in development in Canada, the US, Mexico, and Europe. These long-term royalties include more than 280 MW of solar, wind, renewable natural gas, energy efficiency, energy storage, and hydro projects that are currently in operation or will be in the near term. These projects play a significant role in combatting climate change as they will displace more than 169,730 tons of carbon annually (equivalent to powering 90,111 homes with clean energy and 2.8 million trees planted) from entering the atmosphere.
RER has invested more than C$52 million in royalty transactions since its inception. Its top three clients include Switch Power (cumulative C$8.68 million), Nomad Transportable Power Systems (C$7.17 million), and Outagamie Clean Energy Partners (C$5.89 million).
RER is headquartered in Vancouver, Canada, and was incorporated in 2016. RER’s common shares were listed on the TSX Venture Exchange in November 2018. In March 2022, RER took the next stride in its growth and its common shares began trading on the OTCQX Best Market, the highest market tier administered by OTC Markets Group Inc., with the ticker RROYF.
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