Apex Clean Energy Signs PPAs with Pacificorp in Utah for 160 MW
Charlottesville, VA – July 23, 2013 – Apex Clean Energy has signed two power purchase agreements (PPAs) with PacifiCorp for Apex’s Long Ridge Wind project in Utah. Both agreements are anticipated to receive final state approval by late summer of this year. The 160 MW of wind energy, comprising two 80 MW projects, will produce enough electricity to power approximately 43,000 average U.S. homes.
“These PPAs represent a significant step forward for these projects,” said Mark Goodwin, President of Apex. “We are excited about continuing our work on these projects with the Bureau of Land Management and helping our country achieve its renewable energy goals.”
The development and construction of the Long Ridge project will represent an estimated $230 million investment in the region and is expected to generate significant tax revenues, economic benefits and jobs for Millard County.
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