Apollo Global Management completed the acquisition of a 50% stake in Great Bay Renewables from Altius Minerals for $200m.

Private equity firm Apollo Global Management completed the acquisition of a 50% stake in Great Bay Renewables, a provider of renewable energy development capital in North America, from Altius Minerals, a diversified mining royalty and streaming company, for $200m. "Demand for renewable energy and storage continues to increase with the ongoing energy transition, and the Great Bay team has established itself as an ideal partner to help companies finance these critical endeavors. Our longstanding track record in renewable energy within our infrastructure business along with our familiarity and expertise in royalties gives us great confidence in establishing this new joint venture with Great Bay and Altius," Geoffrey Strong, Apollo Senior Partner and Co-Head of Infrastructure and Natural Resources.