Apex Clean Energy Acquires Development Assets from Duke Energy

Charlottesville, VA – January 15, 2014 – Apex Clean Energy has acquired 11 projects from Duke Energy Renewables. These assets have the potential to support approximately 1.6 GW of wind energy capacity.

“We are very pleased to have the opportunity to add these high-quality projects to our pipeline,” said Apex president Mark Goodwin. “This acquisition is a good strategic fit for Apex. Over the course of the past five years, we have been pursuing a very deliberate growth strategy to build a development team with broad capabilities to commercialize our national portfolio of wind energy resources. These assets will leverage the expertise of our team and increase the geographic diversity of our portfolio.”

“Finding a committed and proven counterparty such as Apex to continue the development of these quality projects from our extensive wind energy pipeline allows the landowners, communities and other stakeholders to realize the benefits of these projects, ” said Greg Wolf, president of Duke Energy Renewables. “This sale allows us to focus our development efforts on other wind and solar projects as we continue to grow Duke Energy’s renewables portfolio.”


About Apex Clean Energy

Apex Clean Energy is an independent renewable energy company based in Charlottesville, VA. Since its founding in 2009, Apex has become one of the fastest-growing companies in the industry. In December 2012, Apex completed the development and construction of the 300 MW Canadian Hills Wind project outside Oklahoma City. The company has a diversified portfolio of wind energy facilities in development around the country and owns several operating solar PV assets. The company’s management team comprises experts from throughout the industry whose collective prior experience includes the development, financing, construction and operation of over $10 billion in wind and solar energy facilities now operating in the United States. More information is available at: www.apexcleanenergy.com.

About Duke Energy Renewables

Duke Energy Renewables, part of Duke Energy’s Commercial Businesses, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 15 wind farms and 20 solar farms in operation in 12 states, totaling more than 1,700 megawatts in electric-generating capacity. Learn more at www.duke-energy.com/renewables. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

Media Contacts

Dahvi Wilson, Communications Manager, Apex Clean Energy dahvi.wilson@apexcleanenergy.com, 434-220-6351

Tammie McGee, Communications Manager, Duke Energy tammie.mcgee@duke-energy.com, 980-373-8812 24-hour media line: 800-559-3853

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