Apex Clean Energy and Western Farmers Electric Cooperative Announce 100 MW Renewable Energy Purchase Agreement
Anandarko, OK – November 12, 2013 – Apex Clean Energy, through its subsidiary Balko Wind, LLC, has signed a Renewable Energy Purchase Agreement (REPA) with Western Farmers Electric Cooperative (WFEC) for 100 megawatts (MW) of wind energy from Apex’s Balko Wind project. With this agreement, Apex has sold the remaining 100 MW of the 300 MW capacity project, which will produce enough electricity to power over 110,000 U.S. homes. The project is expected to come online in 2015.
“The Balko Wind project will generate 300 MW of clean, renewable, homegrown energy in Oklahoma,” said Mark Goodwin, President of Apex. “We are pleased to begin our relationship with WFEC.”
“WFEC continues to support additional wind resources when they support stable, affordable electric rates for consumers,” explained WFEC CEO Gary Roulet.
“Wind is an important part of WFEC’s diverse mix of generation, and plays an integral part in our overall commitment to renewable energy, as well as enabling the ability to reduce fossil fuel emissions,” commented Roulet. “WFEC has been a leader in utility scale wind farms within Oklahoma since signing the state’s first power purchase agreement with a wind farm developer back in 2003.”
The renewable energy credits from the Balko Wind project are being sold to a third party.
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.
About Western Farmers Electric Cooperative
WFEC is a generation and transmission cooperative headquartered in Anadarko, Oklahoma. Additional plant facilities are located in Hugo, Oklahoma and Mooreland, Oklahoma. Member-owners consist of 22 distribution cooperatives, located in Oklahoma and New Mexico, and the Altus Air Force Base. In addition to owning and operating generating plants at these three locations, WFEC maintains more than 3,700 miles of transmission line. The cooperative has a combined capacity of over 1,850 megawatts, including hydropower allocation. With the addition of this project, WFEC will purchase electricity produced from five wind generation projects in Oklahoma.
Apex Clean Energy Media Contact
Dahvi Wilson, Communications Manager
Western Farmers Electric Cooperative Media Contact
Sondra Boykin, Communications Coordinator
Updated April 12, 2017, to reflect the sale of the project’s renewable energy credits.