Apex Closes Strategic Portfolio Selldown with EGCO Group
251 MW Wind and Solar Portfolio Successfully Transitions to Commercial Operations
Charlottesville, VA – October 2, 2025 – Apex Clean Energy successfully closed the previously announced strategic portfolio selldown to Electricity Generating Public Company Limited (EGCO Group). The portfolio comprises the 126 MW Downeast Wind in Maine and the 125 MWac Wheatsborough Solar in Ohio. Apex retains a 51% ownership stake and will continue managing operations of the facilities, with EGCO Group acquiring a 49% stake.
“We’re grateful to EGCO Group for its partnership in bringing this transaction to a close, marking another significant milestone in our capital recycling program,” said Ken Young, CEO of Apex. “Both projects are now delivering low-cost, reliable energy, underscoring the value created through development expertise and partnerships with world-class investors like EGCO Group.”
Both facilities have entered commercial operations (Downeast Wind in April and Wheatsborough Solar in August), and Apex anticipates bringing another approximately 350 MW online by the end of the year, for a total of 1.1 GW reaching COD in 2025.
This transaction marks Apex’s second major capital recycling deal and will enable the company to reinvest proceeds into advancing additional energy projects across its portfolio.