Kingfisher Wind Wins Commodities Deal of the Year Award

Charlottesville, VA – December 18, 2015 – Apex Clean Energy (Apex), First Reserve, Gulf Power Company, and Morgan Stanley Commodities Group (MSCG) were named joint recipients of the Commodities Deal of the Year award for the Kingfisher Wind project at the 2015 Commodity Business Awards held in London on November 26. The winning deal was selected from a short list of finalists that had been narrowed down from a global pool of nominees. The quality of the nominations, votes from the public, and diligence by the awards’ advisory panel were taken into consideration when determining the winners.

“This award is a great tribute to the unique aspects of the Kingfisher transaction,” said Mark Goodwin, president of Apex. “The deal was complex and required the close cooperation of all the counterparties, and we’re pleased that the commodities industry has recognized its truly innovative nature.”

Kingfisher Wind is a 298-megawatt wind farm located in Kingfisher and Canadian Counties in Oklahoma. Project originator Apex, project owner First Reserve, power hedge provider MSCG, and power purchaser Gulf Power Company collaborated on an innovative contract and financing structure for the energy and environmental attributes produced by the project. Once the project begins commercial operation in early 2016, it will generate enough electricity to power more than 100,000 homes.

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About the Commodity Business Awards

Hosted by Commodities Now magazine, the Commodity Business Awards are the only event of their kind recognizing and rewarding excellence in 20 categories throughout the global commodities industry.

About Apex

Apex Clean Energy is an independent renewable energy company focused on building utility-scale generation facilities. Apex is constructing one of the nation’s largest, most diversified portfolios of renewable energy resources, capable of producing more than 12,000 MW of clean energy. This year, Apex is bringing five new U.S. wind energy facilities online, comprising 1,161 MW of capacity. Apex will provide asset management services on four of these facilities. For more information, visit www.apexcleanenergy.com.

About First Reserve

First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised approximately USD $31 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than 550 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. Visit www.firstreserve.com for more information.

Apex Clean Energy Media Contact

Dahvi Wilson, Senior Manager of Public Affairs
434-220-6351
dahvi.wilson@apexcleanenergy.com

First Reserve Media Contact

Caroline Harris-Gibson
Prosek Partners
212-279-3115 ext. 222
cgibson@prosek.com

Meredith Mitchell
Prosek Partners
212-279-3115 ext. 268
mmitchell@prosek.com



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