ENGIE Purchases 151 MW Dakota Range Wind III From Apex Clean Energy

Written By: Jen Neville
December 25, 2018

ptc

You May Also Like:
windThe Wind Power Finance & Investment Summit is widely recognized as the leading gathering place for wind industry deal makers, or as one past event attendee called it – “the highest quality of industry participants on the conference circuit.

Mark Goodwin, President & CEO, APEX CLEAN ENERGY will be speaking on a panel discussion: The Post-2020 Landscape: How Will Wind Compete Without the 100% PTC. View a list of speakers and topics that will be discussed here


Our readers get 10% off attendee registration using code ICNEWS10 at checkout.


Apex Clean Energy recently announced the execution of a PPA with Xcel Energy for Dakota Range Wind III and the sale of the wind project to an affiliate of ENGIE North America. This represents Apex’s second major transaction with Xcel Energy and its first with ENGIE.

“Energy trends—including the falling cost of renewables and increased awareness around cutting emissions—are growing the market for the clean energy facilities and services that Apex delivers,” stated Mark Goodwin, Apex Clean Energy president and CEO. “Dakota Range III demonstrates Apex’s flexibility in completing transactions at every stage of the project life cycle, and we’re proud to expand our track record of partnering with forward-looking energy companies like ENGIE and Xcel.”

“Dakota Range III continues ENGIE’s significant expansion in the utility-scale renewable market via both greenfield development and acquisition,” added Matt Riley, senior vice president and head of U.S. wind development at ENGIE North America. “We look forward to completing development of the project with Apex by the summer of 2019, and to serving Xcel Energy, one of the most ambitious investors in renewable energy of any utility in the country.”

Apex facilitated the PPA with Xcel for the project’s full capacity. Dakota Range Wind III, located in Grant and Roberts Counties, is expected to begin commercial operations in late 2020.

“We are pleased to once again work with Apex, and now ENGIE, to bring cost-effective renewable energy to our customers,” noted Chris Clark, president, Xcel Energy–South Dakota. “We have a clean energy strategy to nearly double the amount of wind energy on our system in the Upper Midwest by 2022 and this investment in Dakota Range III gets us closer to that goal.”

The 151.2 MW project represents the third installment of a four-phase project in northeastern South Dakota. Xcel Energy also purchased the Dakota Range Wind I and II projects.

Subscribe to get news, insights, podcasts, videos, webinars, and events delivered to your inbox every week


More:
Projects & Money: Join project developers and capital providers 
The Power Market is Shifting: Key Takeaways from Emerging Trends in Power Project Finance
Global Wind Power Market Outlook Update
Lazard Releases Annual Levelized Cost of Energy and Levelized Cost of Storage Analysis

Distributed wind capacity report shows larger installations of distributed wind power
Solar Power Finance & Investment Summit
Energy Storage Snapshot Highlights Opportunities in Storage Market
VRBs will forever change the storage capacity of wind and solar energy.
California CCAs Seek Rehearing of CPUC’s Inequitable ‘Exit Fee’ Decision
ESA Unveils Initial Assessment of Regional Grid Operator Compliance with FERC Order 841

Apex Clean Energy Aquisitions ENGIE