Polaris Renewable Energy Inc. Stock Analysis PIF.TO

Polaris Renewable Energy, Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. The company is headquartered in Toronto, Ontario and currently employs 215 full-time employees. The company went IPO on 2004-08-30. Its operations include a geothermal plant (82 MW), four run-of-river hydroelectric plants (39 MW), three solar (photovoltaic) projects in operation (35 MW) and an onshore wind park (26 MW). The company operates a wind power plant called Punta Lima Wind Farm, with a capacity of 26.0 MW, located in the Municipality of Naguabo, Puerto Rico. The San Jacinto facility is a geothermal energy project with 82 MW capacity, owned and operated by the Company through its subsidiary, Polaris Energy Nicaragua S.A. The El Carmen facility and 8 de Agosto facility are two ROR hydroelectric projects with a capacity of 8 MW and 20 MW, respectively, which are owned and operated by the Company through its subsidiary Generacion Andina SAC. Its subsidiary, Emerald Solar Energy SRL, operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic.