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Altius and Apollo Invest $30 Million in Nokomis Energy for 77 Solar Projects Across Seven States

Altius Renewable Royalties and Apollo Global Management have invested $30 million in Nokomis Energy, securing future royalties from 77 solar projects across seven US states. This investment will be provided in tranches over the next two to three years, with an initial tranche of USD 6 million. This marks Great Bay Renewables’ first dedicated investment in the distributed solar market, with CEO Frank Getman calling it an “exciting diversification opportunity”. NokOMis Energy has already commercialized over 45 projects and has the option to reinvest an additional USD 15 million into the company in the future. The investment signifies a growing interest in the solar generation sector.

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