Apex Wind Energy Acquires Interest in the Baileyville Wind Farm
Charlottesville, VA – August 27, 2010 – Apex Wind Energy, Inc. today announced an agreement to acquire BW Capital Corporation’s interest in the Baileyville Wind Farm, a late‐stage 80MW project in northern Illinois.
“This acquisition provides Apex with a late‐stage asset in PJM”, said Jim Trousdale, CFO of Apex. “The Baileyville Wind Farm benefits from a strong wind resource, low‐cost interconnection, and proximity to Chicago, just 80 miles to the west.“
The Apex management team has completed 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. Apex is developing projects capable of supporting over 3,000MW onshore and 5,000MW offshore.
About Apex Wind Energy, Inc.
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 2008 by a management team that has been in the wind industry 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.