Apex Clean Energy Acquires 442.5 MW of Solar Projects Under Development

Written By: Jen Neville
January 7, 2019

Solar Acquisitions

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Apex Clean Energy recently announced the purchase of 442.5 MW of solar projects across Virginia from renewable energy developer SolUnesco. This acquisition would expand Apex’s nationwide portfolio of advanced solar projects to more than 3 GW, approximately 700 MW of that situated in the Commonwealth.

“Apex continuously seeks to grow our utility-scale wind and solar pipeline based on projects with the greatest potential to meet rapidly expanding market demand,” stated Mark Goodwin, Apex Clean Energy president and CEO. “The projects recently acquired from SolUnesco are expertly sited, have strong landowner support, and offer substantial environmental and economic benefits. We look forward to bringing these projects online, enabling significant job creation and new revenue streams in communities across the Commonwealth of Virginia.”

With involvement on energy storage solutions in the wind and solar sector, Apex's focuses on its home state as an ideal location to provide “around-the-clock” clean energy to utility, corporate, and industrial power customers. With the 75 MW Rocky Forge Wind and 80 MW Dragonfly Solar having already secured unanimous county permit approvals, Apex uniquely positioned themselves to supply virtually constant zero-carbon electricity at scale.

The SolUnesco transaction included the 150 MW Carvers Creek, 150 MW Moody Creek, 130 MW Red Brick, and 12.5 MW Rivanna projects located across the Commonwealth.

“This partnership provides key capabilities and resources to best position these four projects,” added Francis Hodsoll, SolUnesco CEO. “We believe the Apex relationship will advance the growth of SolUnesco’s capabilities and market position.”

Together, the four projects would generate enough clean electricity to power approximately 72,000 U.S. homes and would contribute over $11 million in state and local tax revenue.

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