Sammons Renewable Energy Purchases 163 MW Midway Wind from Apex Clean Energy
Transaction Demonstrates Strength of Texas Gulf Coast Wind
Charlottesville, VA – January 10, 2018 – Apex Clean Energy today announced the sale of Midway Wind to Sammons Renewable Energy (SRE). The 162.9 MW project is located along the Texas Gulf Coast in San Patricio County. Apex will provide construction and asset management services for the project.
“Midway Wind yet again shows the promise and value of wind energy on the Gulf Coast of Texas. Our Gulf Coast projects were integral to establishing Apex’s long-term strategy and advancing a robust and diverse portfolio,” said Mark Goodwin, president and chief executive officer of Apex. “We are pleased to partner with Sammons Renewable Energy to bring Midway Wind to life, and we applaud SRE’s commitment to advancing clean energy across North America.”
“We are pleased to continue our expansion of the SRE renewable energy portfolio. We have now acquired over 600 MW of wind, solar, and hydroelectric projects on behalf of SRE. Apex, a leading wind developer and operator, represents the type of partner we look to continue working and investing with,” said Kevin Lapidus, chief investment officer of Franklin Park. Franklin Park will manage the Midway project on behalf of Sammons Renewable Energy.
Midway Wind will comprise 47 Siemens Gamesa 3.465 MW wind turbines. The project is expected to begin commercial operations in the fourth quarter of 2018.
About Apex Clean Energy
Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Apex was the U.S. market leader in 2015 and has brought nearly 2 GW online in the past three years. With a team of over 200 professionals and the nation’s largest wind energy project pipeline, Apex is a leader in the transition to a clean energy future. For more information, visit apexcleanenergy.com.
About Sammons Renewable Energy
Sammons Renewable Energy invests in and develops renewable energy projects in the U.S., Canada, and Mexico. The company identifies solar, wind and hydro related development opportunities over a minimum threshold of $40 million in value. Sammons Renewable Energy is a wholly owned subsidiary of Sammons Infrastructure, a Sammons Enterprises, Inc. company. Assets owned by Sammons Renewable Energy are managed by Franklin Park Investments.
About Franklin Park Investments
Franklin Park Investments provides energy and infrastructure services in major global markets, including North and South America, Europe and Asia. Franklin Park’s activities include conventional and renewable electricity generation, electric distribution, rail and road transport and supply chain logistics.
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