Core Viewpoint - The XPLR Infrastructure class action lawsuit alleges that the company and its executives made misleading statements regarding its operations and financial health, leading to significant losses for investors during the specified class period [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Alvrus v. XPLR Infrastructure, LP and covers purchasers of XPLR Infrastructure securities from September 27, 2023, to January 27, 2025 [1]. - Investors have until September 8, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit charges XPLR Infrastructure and its executives with violations of the Securities Exchange Act of 1934 [1]. Group 2: Company Operations and Allegations - XPLR Infrastructure operates as a "yieldco," managing contracted clean energy projects, including wind and solar power, and a natural gas pipeline [2]. - Allegations include that XPLR Infrastructure struggled to maintain its yieldco operations and entered financing arrangements while downplaying associated risks [3]. - The lawsuit claims that the company could not resolve its financing issues without risking significant unitholder dilution and planned to halt cash distributions to investors [3]. Group 3: Impact of Announcements - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions to common unitholders and the abandonment of its yieldco model [4]. - Following this announcement, the price of XPLR Infrastructure common units fell by nearly 35% [4].

Core Viewpoint - A securities class action lawsuit has been filed against XPLR Infrastructure, LP, alleging misleading statements and omissions regarding the company's financial condition and business model during the class period from September 27, 2023, to January 27, 2025 [1][3]. Company Overview - XPLR Infrastructure, LP, formerly known as Nextera Energy Partners, LP, focuses on acquiring, owning, and managing contracted clean energy projects in the United States, including wind and solar power projects and a natural gas pipeline [2]. Allegations in the Class Action - The lawsuit claims that during the class period, the defendants made misleading statements about XPLR's operations as a yieldco, which is a business model focused on delivering cash distributions to investors [3]. - Specific allegations include: - XPLR was struggling to maintain its yieldco operations [3]. - Defendants entered financing arrangements to temporarily alleviate operational issues while downplaying associated risks [3]. - The company could not resolve these financings before maturity without risking significant unitholder dilution [3]. - Defendants planned to halt cash distributions to redirect funds to resolve financing issues [3]. - The yieldco business model and distribution growth rate were deemed unsustainable [3]. - Public statements made by the defendants were materially false and misleading [3]. Market Reaction - On January 28, 2025, XPLR announced it would suspend cash distributions to common unitholders and abandon its yieldco model, leading to a significant drop in the stock price from $15.80 to $10.49 per unit, a decline of nearly 35% [4].

Core Viewpoint - The XPLR Infrastructure class action lawsuit alleges that the company and its executives made misleading statements regarding its operations and financial health, leading to significant losses for investors during the specified class period [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Alvrus v. XPLR Infrastructure, LP and involves purchasers of XPLR Infrastructure securities from September 27, 2023, to January 27, 2025, with a deadline of September 8, 2025, to seek lead plaintiff status [1]. - XPLR Infrastructure operates as a "yieldco," managing contracted clean energy projects, including wind and solar power, and a natural gas pipeline [2]. Group 2: Allegations Against XPLR Infrastructure - The lawsuit claims that XPLR Infrastructure struggled to maintain its yieldco operations and entered financing arrangements that were downplayed in terms of risk [3]. - It is alleged that the company could not resolve these financing issues without risking significant dilution of unitholder value, leading to a planned halt in cash distributions to investors [3]. - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions and the abandonment of its yieldco model, resulting in a nearly 35% drop in the price of its common units [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased XPLR Infrastructure securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].

Core Insights - The report is the 13th Environmental, Social and Governance (ESG) Report issued by Power Construction Corporation of China Ltd. (POWERCHINA), covering the period from January 1, 2024, to December 31, 2024 [1] - The company aims to enhance its corporate governance, deepen corporate reform, and focus on improving quality and efficiency as part of its strategic initiatives [4][5] - POWERCHINA operates in over 130 countries and regions, positioning itself as a global leader in clean and low-carbon energy, water resources, and environmental construction [2][3] Company Overview - POWERCHINA was founded on November 30, 2009, and was listed on the Shanghai Stock Exchange on October 18, 2011 [2] - The company has total assets of RMB 100 million and total operating revenue of RMB 6,098.44 million in 2023, projected to increase to RMB 6,345.52 million in 2024 [2] - The controlling shareholder is Power Construction Corporation of China Ltd. (POWERCHINA Group), ranked 108th in the 2024 Fortune Global 500 [2] Strategic Orientation - The company aims to become a world-class enterprise by integrating domestic and international markets and focusing on key sectors such as water, energy, urban development, and digitalization [2][3] - POWERCHINA emphasizes seven core capabilities: comprehensive innovation, market expansion, high-quality project execution, lean management, resource integration, asset operation, and risk control [3] ESG Management - The Board of Directors oversees all ESG matters, ensuring that ESG principles are integrated into strategic planning, management, and operations [5] - POWERCHINA has established a multi-level ESG governance framework to manage significant ESG risks and enhance governance capabilities [5][6] - The company recognizes the importance of stakeholder communication and aims to respond to stakeholder concerns regarding sustainable development [5][6] Achievements and Recognition - POWERCHINA received multiple awards, including the "Best Board of Directors" at the 19th "Responsibility Golden Roundtable Awards" and an A-Class Information Disclosure rating by the Shanghai Stock Exchange for 2023-2024 [6][7] - The company was recognized for its efforts in ESG management, including being ranked 19th in CASS's "2024 Top Awarded Outstanding Enterprise Responsibility Development Index" [7] Corporate Culture and Values - The corporate philosophy emphasizes responsibility, innovation, integrity, and win-win cooperation, aiming to build a globally renowned brand [4][5] - POWERCHINA promotes a culture of compliance and integrity, with a zero-tolerance stance on corruption and breaches of business ethics [11][12]

Financing to accelerate SolarBank's growth as an owner of solar power projects in the U.S.TORONTO, May 6, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that CIM Group ("CIM"), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the Un ...