Xcel Energy Purchases 300 MW Dakota Range I & II from Apex Clean Energy

Charlottesville, VA – September 26, 2017 – Apex Clean Energy (Apex) today announced the sale of the Dakota Range I & II projects to Xcel Energy. The 300 MW project located in northeast South Dakota represents just one phase of Dakota Range Wind. Apex continues to develop Dakota Range III & IV, a 400 MW wind farm with commercial operations expected to start in 2020.

“Partnering with utilities is one of the principal ways Apex is achieving its mission to accelerate the shift to clean energy,” said Mark Goodwin, president and CEO of Apex. “Dakota Range Wind is an ideal fit for the Xcel Energy generation portfolio. Together, we will provide new local jobs and a significant source of long-term revenue for Grant and Codington counties, helping drive the South Dakota economy forward.”

“This is a milestone for our industry and our customers,” said Ben Fowke, chairman, president and CEO of Xcel. “Wind provides the clean, competitively priced energy our customers want. This project proves we can keep driving the clean energy transition of our supply mix while keeping customer bills low, even as incentives phase out.”

The sale demonstrates Apex’s momentum in the regulated utilities market, as one of two transactions in the Midcontinent ISO for Apex within the week. Apex also announced the acquisition of the 300 MW Upland Prairie Wind project by Interstate Power and Light Company, an Alliant Energy Corporation subsidiary.

About Apex Clean Energy

Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Apex was the U.S. market leader in 2015 and has brought nearly 1,700 MW online over the past two years. With a team of over 200 professionals and the nation’s largest wind energy project pipeline, Apex is a leader in the transition to a clean energy future. For more information, visit apexcleanenergy.com.