Apex Closes Strategic Asset Sale With ERG
Represents Partial Sale of 317 MW Wind and Solar Portfolio
Charlottesville, VA – May 3, 2024 – Apex Clean Energy successfully closed the previously announced strategic asset sale of a wind and solar energy portfolio to ERG, a leading European renewable energy independent power producer. The portfolio comprises portions of the 224.4 MW Great Pathfinder Wind in Iowa and 92.4 MWDC Mulligan Solar in Illinois. Apex retains a 25% ownership stake and will continue managing operations of the facilities, with ERG acquiring a 75% stake.
The transaction represents a significant milestone for both companies, marking ERG’s entrance into the U.S. renewables market and launching Apex’s capital recycling program, which will enable the company to reinvest proceeds into advancing additional clean energy projects.
The closing follows all required regulatory approvals.
About Apex Clean Energy
Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of more than 400 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit apexcleanenergy.com or follow us on Facebook, YouTube, and LinkedIn.