Kingfisher Wind Wins Platts Financial Deal of the Year

Charlottesville, VA – December 16, 2015 – Apex Clean Energy, First Reserve, Gulf Power Company, and Morgan Stanley Commodities Group (MSCG) were named joint recipients of the Financial Deal of the Year award for the Kingfisher Wind project at the 2015 Platts Global Energy Awards (GEA) held in New York City on December 9. Hosted by Platts, a leading global energy, metals, and petrochemicals information provider, the annual awards program honors exemplary achievement in the energy industry, recognizing corporate and individual performance, innovation, and entrepreneurship. The awards are often described as the “Oscars” of energy.

“This award underscores the groundbreaking aspects of the Kingfisher transaction, and recognizes the dedication, leadership, and strategic vision of all the deal’s counterparties,” said Mark Goodwin, president of Apex. “This was a unique agreement structure that we see becoming more standard in the wind industry, and we’re very pleased that the broader energy industry has acknowledged the innovation this deal represents.” Apex is the first clean energy company to win in the Platts GEA Deal of the Year category.

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.

A Platts publication announcing the awards stated that the judges “were captivated by the project’s mitigation of the inherently variable nature of wind energy generation through the energy hedge, as well as the involvement of expert players who are uniquely positioned to optimize the agreement.”

Energy companies from seven countries and three continents received honors for leadership, innovation, and exemplary performance at the 17th annual Platts Global Energy Awards. Eighteen awards were bestowed upon companies and individuals at Cipriani Wall Street in lower Manhattan before an audience of 400 energy executives hailing from 15 countries.

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About Platts

Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals, and agriculture information and a premier source of benchmark prices for the physical and futures markets.

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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