El Carmen

DGAP-News: Polaris Renewable Energy Announces Q2 2022 Results

Retrieved on: 
Thursday, August 4, 2022

TORONTO, ON / ACCESSWIRE / August 4, 2022 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to report its financial and operating results for the three and six months ended June 30, 2022.

Key Points: 
  • TORONTO, ON / ACCESSWIRE / August 4, 2022 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to report its financial and operating results for the three and six months ended June 30, 2022.
  • On July 5, 2022, the Company changes its name from Polaris Infrastructure Inc. to Polaris Renewable Energy Inc. following the continuance of the Company from the laws of the Province of British Columbia to the laws of the Province of Ontario.
  • The name change and continuance were approved by shareholders at the Company's annual and special meeting held on June 23, 2022.
  • Construction of the solar plant began in March 2022 and is expected to be completed in December 2022.

DGAP-News: Polaris Infrastructure Announces Q1 2022 Results

Retrieved on: 
Thursday, May 5, 2022

TORONTO, ON / ACCESSWIRE / May 5, 2022 / Polaris Infrastructure Inc. (TSX:PIF) ("Polaris Infrastructure" or the "Company"), is pleased to report its financial and operating results for the three-months period ended March 31, 2022.

Key Points: 
  • TORONTO, ON / ACCESSWIRE / May 5, 2022 / Polaris Infrastructure Inc. (TSX:PIF) ("Polaris Infrastructure" or the "Company"), is pleased to report its financial and operating results for the three-months period ended March 31, 2022.
  • Adjusted EBITDA (1)was $12.1 million for the period ended March 31, 2022, compared to $11.9 million in the same period in 2021.
  • For the period ended March 31, 2022, the Company generated $7.6 million in net cash flow from operating activities, ending with a strong cash position of $87.2 million (2).
  • Continued progress on the construction of the Binary power plant at San Jacinto, which is on schedule for completion in the fourth quarter of 2022.