Apex Acquires Hefty Solar Portfolio In Home State

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Charlottesville, Va.-based Apex Clean Energy has purchased 442.5 MW of under-development solar projects across Virginia from renewable energy developer SolUnesco.

The acquisition expands Apex’s nationwide portfolio of advanced-stage solar projects to more than 3 GW, with approximately 700 MW in Virginia.

“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,” comments Mark Goodwin, Apex Clean Energy’s 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.”

Apex says it is focusing 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 county permit approvals, Apex is positioned to supply virtually constant zero-carbon electricity at scale, the company says.

The SolUnesco transaction includes the 150 MW Carvers Creek, 150 MW Moody Creek, 130 MW Red Brick and 12.5 MW Rivanna solar projects. Altogether, the four projects will generate enough clean electricity to power approximately 72,000 U.S. homes and contribute over $11 million in state and local tax revenue.

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

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