Polaris Renewable Energy Reports Q2 Declines Amid Operational Challenges
Polaris Renewable Energy (TSE:PIF) reported lower second-quarter generation and financial results compared to the prior year, driven by curtailment in the Dominican Republic, reduced geothermal output in Nicaragua, and more normal hydro conditions in Peru and Ecuador. CFO Alba Seisdedos noted a 7.7% decline in consolidated generation from Q2 2025, with first-half generation down 6.4%. The company attributed these declines to expected production pressures but highlighted that performance was consistent with management expectations. Despite the challenges, Polaris is advancing growth projects such as the Puerto Rico ASAP battery project and a planned 250 MW of solar capacity in Mexico with storage. CEO Marc Murnaghan mentioned potential recovery from sediment issues at Nicaragua’s binary plant through an acidification program expected to begin early next year.
Topics: financial_performance generation_output renewable_energy