Apex Wind Energy Acquires BQ Energy
Charlottesville, VA – June 22, 2009 – Apex Wind Energy, Inc. today announced an agreement to acquire BQ Energy LLC., a developer of utility‐scale wind energy projects. BQ Energy develops wind energy facilities located on industrial, military and brownfield sites. The purchase includes BQ Energy’s project development pipeline.
“We were looking for a strategic partner to accelerate the development of our projects,” said Paul Curran, Managing Director of BQ Energy, “Apex shares our long‐term view of the industry and brings additional resources to scale up our business.”
“This transaction is a great fit for us,” said Jim Trousdale, CFO of Apex. “It brings two experienced teams together and adds an attractive market segment to our project pipeline.”
The combined companies have completed development of over $1 billion in wind power facilities in Colorado, Kansas, New York, Texas, Wyoming, and the Netherlands. Their track record includes $22 billion of structured finance transactions completed for wind and conventional energy projects.
Founded in 2002 and based in Patterson, New York, BQ Energy’s strategy has been to co‐locate wind facilities on industrial sites. In 2007, BQ Energy was awarded “Best Renewables Project of the Year” by Power Engineering Magazine for development of the Steel Winds project in Lackawanna, New York.
Apex Wind Energy is a developer of utility‐scale wind energy facilities. Working together with landowners and their communities, Apex develops facilities that produce local jobs, income, and clean energy. Apex was launched in 2009 by a management team that has been in the wind business since 2000. Their first company, Greenlight Energy, Inc., ranked among the largest independent wind companies in the nation. In 2006, BP Alternative Energy acquired Greenlight Energy, Inc.