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Plant(s): View 8 related plants in PECWeb
Released December 28, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Apex Clean Energy (Charlottesville, Virginia) last week announced it plans to sell a partial stake in two operational renewable-energy assets, although the company continues to develop its renewables portfolio. Industrial Info is tracking $18 billion worth of projects in the U.S. from Apex Clean Energy, including $6 billion that have a medium-to-high (70% or higher) likelihood of beginning construction as currently scheduled.
Apex plans to sell a 75% stake in both assets to ERG (Genoa, Italy), while retaining 25%. The transaction is expected to close within the first half of 2024.
The roughly 225-megawatt (MW) Great Pathfinder Windfarm in Charlottesville, Virginia, and 70-MW Mulligan solar plant in Illinois began commercial operations in February 2023 and July 2022, respectively. Both projects feature a power purchase agreement (PPA), including one with Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) for the full output from Great Pathfinder. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can click here to read related project reports and here for the plant profiles.
"Great Pathfinder and Mulligan represent the successful launch of our capital recycling program, intended to bring best-in-class renewable portfolios to market and enabling our team to advance more megawatts than ever before," said Ken Young, the chief executive officer of Apex, in a recent press release.
Among Apex's projects under construction are two photovoltaic (PV) solar projects in Texas, which will generate energy for the ERCOT grid: the 200-MW, $225 million Big Elm Solar Plant in Bell County, Texas, near Temple, and the 195-MW, $200 million Angelo Solar project in San Angelo. The projects are expected to wrap up in June and December 2024, respectively. Angelo Solar also has a PPA in place with Meta for all of the output. Subscribers can read detailed reports on the Big Elm and Angelo projects.
Apex expects construction of a 130-MW battery energy storage system (BESS) addition at the Angelo facility will begin in January and wrap up along the same timeline as the solar project. Click here to read more information.
Also under construction is a pair of solar power projects in Ohio. The Springwater solar farm in Madison and Franklin counties will use bifacial solar panels to achieve nameplate generation capacity of 155 MW. The second project, the Tymotchee solar farm in Wyandot County, will have a capacity of 120 MW. Construction on both facilities kicked off in the fourth quarter, with completion expected about a year later. Subscribers can click here for the report on the Springwater facility and click here for the report on the Tymotchee project.
Apex has 2,015 MW of clean energy under development, according to its company website. This includes the Timbermill Windfarm in North Carolina's rural Chowan County, which could break ground in 2024. The windfarm will feature 45 turbines, each rated at 4.2 MW, to provide nameplate generation of 189 MW. Work on Timbermill also includes the construction of a new substation. Construction is expected to last about a year before the windfarm becomes operational, making a 2025 startup date feasible. Subscribers can read more information on the windfarm and substation projects.
Apex announced in August it signed an agreement with Google Incorporated (Mountain View, California) for the facility's entire output, marking the first PPA between the two companies.
Subscribers to the GMI database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Apex plans to sell a 75% stake in both assets to ERG (Genoa, Italy), while retaining 25%. The transaction is expected to close within the first half of 2024.
The roughly 225-megawatt (MW) Great Pathfinder Windfarm in Charlottesville, Virginia, and 70-MW Mulligan solar plant in Illinois began commercial operations in February 2023 and July 2022, respectively. Both projects feature a power purchase agreement (PPA), including one with Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) for the full output from Great Pathfinder. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can click here to read related project reports and here for the plant profiles.
"Great Pathfinder and Mulligan represent the successful launch of our capital recycling program, intended to bring best-in-class renewable portfolios to market and enabling our team to advance more megawatts than ever before," said Ken Young, the chief executive officer of Apex, in a recent press release.
Among Apex's projects under construction are two photovoltaic (PV) solar projects in Texas, which will generate energy for the ERCOT grid: the 200-MW, $225 million Big Elm Solar Plant in Bell County, Texas, near Temple, and the 195-MW, $200 million Angelo Solar project in San Angelo. The projects are expected to wrap up in June and December 2024, respectively. Angelo Solar also has a PPA in place with Meta for all of the output. Subscribers can read detailed reports on the Big Elm and Angelo projects.
Apex expects construction of a 130-MW battery energy storage system (BESS) addition at the Angelo facility will begin in January and wrap up along the same timeline as the solar project. Click here to read more information.
Also under construction is a pair of solar power projects in Ohio. The Springwater solar farm in Madison and Franklin counties will use bifacial solar panels to achieve nameplate generation capacity of 155 MW. The second project, the Tymotchee solar farm in Wyandot County, will have a capacity of 120 MW. Construction on both facilities kicked off in the fourth quarter, with completion expected about a year later. Subscribers can click here for the report on the Springwater facility and click here for the report on the Tymotchee project.
Apex has 2,015 MW of clean energy under development, according to its company website. This includes the Timbermill Windfarm in North Carolina's rural Chowan County, which could break ground in 2024. The windfarm will feature 45 turbines, each rated at 4.2 MW, to provide nameplate generation of 189 MW. Work on Timbermill also includes the construction of a new substation. Construction is expected to last about a year before the windfarm becomes operational, making a 2025 startup date feasible. Subscribers can read more information on the windfarm and substation projects.
Apex announced in August it signed an agreement with Google Incorporated (Mountain View, California) for the facility's entire output, marking the first PPA between the two companies.
Subscribers to the GMI database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
