Polaris Renewable Energy Announces Signing of 25 MW (AC) Power Purchase Agreement for Solar Project Canoa II

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May 24, 2023

TORONTO, ON / ACCESSWIRE / May 24, 2023 / Polaris Renewable Energy Inc. (TSX:PIF, Financial) ("Polaris" or the "Company"), a Toronto-based company engaged in the operation, acquisition, and development of renewable energy projects in Latin America, is pleased to announce that we have signed a Power Purchase Agreement (PPA) in the Dominican Republic for Canoa II. The Canoa II solar project is adjacent to the already operational 25MW Canoa I, which was acquired by the Company in July of 2022, and is inthe Province of Canoa, Municipality of Barahona, Dominican Republic. Polaris owns 100% of the project.