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Apex Clean Energy Closes $2.79 Billion in Financing for Three Renewable Energy Projects
Yahoo Finance· 2026-01-15 18:01
Core Insights - Apex Clean Energy has successfully financed three utility-scale renewable energy projects in Texas, Ohio, and Illinois, marking a significant milestone for the company [1] - The total financial commitments for these projects amount to approximately $2.79 billion, contributing to a total of $4.08 billion financed across Apex's portfolio in 2025 [1] Project Details - The financed projects include: - Coles Wind: a 300-MW wind facility in Coles County, Illinois, with financing underwritten by Santander and tax equity from J.P. Morgan [1] - Emerson Creek Wind: a 269-MW wind farm in Erie and Huron counties, Ohio, financed through a construction and term loan facility from CIBC, Helaba, and Santander, along with a tax equity commitment from Wells Fargo [1] - Raven Storage: a 100-MW battery storage system in Wharton County, Texas, part of a joint venture with SK Gas and SK Eternix, marking Apex's first financing with Bank of Hope [1] Operational Achievements - In 2025, Apex brought 1.1 GW of new capacity online across six states, including Bowman Wind, a 200-MW project in North Dakota that achieved commercial operations in December [1] - The company commercialized over 1.5 GW of projects and advanced a diversified portfolio of development assets, reinforcing the scale and durability of its platform [1] - Apex secured $1.05 billion in corporate refinancing during the year and launched a conservation partnership with Ducks Unlimited [1]