Polaris Renewable Energy Shares Rise as Three Solar-Storage Projects Advance in Mexico

Dow Jones

Jun 09

By Adriano Marchese

Shares in Polaris Renewable Energy rose after it said three of its solar-plus-storage projects were chosen to move forward under Mexico's largest-every renewable energy procurement program.

Shares rose 9.7% to 14.43 Canadian dollars ($10.34).

The Latin America- and Caribbean-focused renewable energy company said the three projects include 250 megawatts of solar generation, and more than 180 megawatts of battery storage.

The projects were chosen under Mexico's Mixed Development Program, the largest renewable energy and energy storage procurement initiative undertaken in country, the company said.

All three projects are now set to proceed towards negotiation and signing definitive contracts, which will include power purchase arrangements as well as shareholder and governance agreements.

Polaris expects to have the agreements signed and ready to be executed by the end of July, after which it said it will provide further financial and timeline-related details.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 09, 2026 11:57 ET (15:57 GMT)

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