Apex Clean Energy Signs 200 MW Renewable Energy Purchase Agreement with Public Service Company of Oklahoma
Charlottesville, VA – October 10, 2013 – Apex Clean Energy has signed a Renewable Energy Purchase Agreement (REPA) with the Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (AEP), for 200 MW of wind energy from Apex’s Balko Wind project. The 300 MW Balko Wind project, which is expected to come online in 2015, will produce enough electricity to power over 110,000 U.S. homes.
“The Balko Wind project is located in one of the best wind resource areas in the country,” said Mark Goodwin, President of Apex. “We are very pleased to be working with AEP again this year. Balko is a high-quality project, and now it will generate clean, domestic, renewable power.”
The development and construction of the Balko project will provide an estimated $430 million investment in the region and is expected to generate significant tax revenues, economic benefits and jobs for Beaver County.
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 completed 15 acquisitions and 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 in Colorado. 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.
Dahvi Wilson, 434-220-6351
Updated April 12, 2017, to reflect the sale of the project’s renewable energy credits.