Apex Clean Energy Announces $25 Million in Financing from Helaba
Charlottesville, VA – January 11, 2019 – Apex Clean Energy today announced that it has secured a $25 million letter of credit facility from Helaba. The corporate facility will support deposits to advance Apex development-stage projects.
“This facility will accelerate Apex’s exceptional momentum as we enter 2019, delivering carbon solutions through utility-scale wind, solar, and storage projects across the United States,” said Mark Goodwin, president and CEO of Apex Clean Energy. “We’re pleased to broaden our strong partnership with Helaba as we look to the years ahead.”
Helaba, which is the Sole Issuer of the letters, has previously provided debt financing for the construction of Apex projects.
“Helaba is very excited to be part of the continued success of the Apex team and we do look forward to supporting Apex as it brings its projects to fruition,” said Dr. Ulrich Pähler, Global Head Corporate Finance/Project Finance of Helaba.
About Apex Clean Energy
Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts 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 on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com.
As a leading bank in the German financial capital of Frankfurt, Helaba Group employs approximately 6,100 people; Total assets are € 172 bn. The Corporate Finance Division in Frankfurt/Main, London and New York arranges and participates in transactions financing both conventional and renewable power generation, as well as other forms of energy and infrastructure. Our world wide experience since 2004 spans over more than 120 renewable projects with a total capacity of over 23GW. Helaba enjoys favourable ratings from the leading rating agencies; for more information about our competencies visit www.helaba.de/com.