Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures

Core Insights - Apollo and Bullrock Energy Ventures announced a joint venture with a commitment of up to $220 million for community solar assets in New York and New England, with $100 million allocated for developing Bullrock's nearly 500 MW renewable energy pipeline [1][2][3] Company Overview - Bullrock Energy Ventures is a high-growth renewable energy company based in Vermont, operating throughout the Northeast with a vertically integrated model that includes deal sourcing, underwriting, development, construction, financing, and asset management [2][7] - Over the past decade, Bullrock has developed nearly 500 MW of solar projects across New England, New York, and the Midwest, providing affordable clean energy to local residents and businesses [2][7] Investment Strategy - Apollo's investment in Bullrock aims to enhance community solar access, which is seen as a solution to expand local access to clean energy, benefiting individuals, households, and businesses [3] - Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments over the past five years, supporting clean energy and infrastructure projects [3] Future Goals - Apollo has set targets to deploy, commit, or arrange $50 billion by 2027 and more than $100 billion by 2030 under its Climate and Transition Investment Framework [5]