Apex Acquires Development Assets from IPA Wind Development LLC
Charlottesville, VA – August 1, 2012 – Apex Wind Energy, Inc. (“Apex”) has acquired a portfolio of wind development projects near the Texas Gulf Coast from IPA Wind Development LLC. These projects combined have the potential to support over 500 MW of capacity.
“The south coast of Texas offers a premium wind energy resource with high capacity factors and significant on-peak production,” said Jeff Ferguson, Apex VP of Development, based in Houston. “This is also an area with a large and growing demand for electricity. We look forward to working with landowners, local and state agencies, and utilities to realize these projects.”
Apex is currently constructing the 300 MW Canadian Hills Wind project outside Oklahoma City with commercial operations planned for the end of 2012.
Apex Wind Energy, Inc. is an independent wind energy company based in Charlottesville, VA. Since its founding in 2009, Apex has completed eight acquisitions and become one of the fastest-growing companies in the industry. The company has a diversified portfolio of over 5,000 MW of wind energy facilities in development around the country, and a management team comprised of experts from throughout the industry whose collective prior experience includes the development, financing, construction and operation of over $10 billion in wind energy facilities now operating in the United States. Please visit www.apexwind.com for more information.
Grady O’Shaughnessy, firstname.lastname@example.org, 434-220-6138