Polaris Renewable Energy Inc. (PIF)

Overview

Polaris Renewable Energy Inc. is a robust entity committed to the acquisition, exploration, development, and operation of renewable energy projects across Latin America. Originally established in 1984 and previously known as Polaris Infrastructure Inc., the company underwent a rebranding to Polaris Renewable Energy Inc. in July 2022, underscoring its commitment to renewable energies. With its headquarters in Toronto, Canada, Polaris Renewable Energy Inc. showcases a significant portfolio of geothermal, hydroelectric, and solar power operations in several key Latin American countries, aligning with global shifts towards sustainable and renewable energy sources.

Products and Services

• 82 MW geothermal facility in Nicaragua

  This facility harnesses the power of geothermal energy, providing a stable and environmentally friendly source of electric power by utilizing the earth's heat. Being one of the pioneers in the geothermal space within Latin America, it emphasizes Polaris's capabilities in managing large-scale renewable projects.

• 3 run-of-river hydroelectric facilities in Peru (Combined capacity of approximately 33 MW)

  These facilities demonstrate the company's expertise in hydroelectric power by capitalizing on the natural flow of rivers, thereby reducing the need for large dams and minimizing environmental impact. The operation contributes significantly to the local power supply without compromising the ecological balance.

• 25 MW solar plant facility in the Dominican Republic

  This plant showcases Polaris's diversification into solar energy, utilizing photovoltaic technology to convert sunlight directly into electricity. This move not only marks the company's footprint in the solar energy landscape but also caters to the growing demand for sustainable power in the Caribbean.

• 6 MW run-of-river hydroelectric facility in Ecuador

  Continuing its investment in hydroelectric power, this facility in Ecuador further exemplifies Polaris's commitment to renewable power sources that harmonize with the environment, supporting local communities with reliable energy and contributing to the country's renewable energy goals.

• 10 MW solar plant in Panama

  Expanding its solar energy portfolio, this facility in Panama plays a critical role in bolstering the region's renewable energy capacity. It highlights the company's strategy to diversify its energy production methods and geographical footprint, thereby enhancing its role in Central America's green energy transition.