Apex has been built with a singular focus: to speed the shift to clean electricity. Drawing from their experience with several of the nation’s leading renewable energy companies, Apex’s founders set out to create a company with the capacity to excel in every phase of project realization, from origination and financing to construction and asset management.
In one of its first major acquisitions, Apex agrees to purchase the wind energy assets of GGW, a developer of utility‐scale wind energy projects based in Oklahoma. Fully built, the assets represent up to 2,150 megawatts of wind energy capacity. Several of those projects are operating today, including Kay Wind and Grant Wind.
Apex signs PPAs totaling 250 MW with Oklahoma Municipal Power Authority and American Electric Power for energy from Canadian Hills Wind.
The wind facility would be subsequently acquired by TerraForm Power in 2015.
The facility would generate enough electricity to meet the needs of approximately 100,000 homes.
Upon its completion, Canadian Hills Wind was the largest single-phase wind farm to be built in Oklahoma, and it increased the state’s installed wind capacity by 13%.
PSO, a subsidiary of American Electric Power, purchases 200 MW of power from the Balko Wind project.
In its first wind farm investment in the United States, IKEA purchases Apex’s Hoopeston Wind project in Illinois. The 98 MW wind farm will make a significant contribution to the company’s goal to generate as much renewable energy as the total energy it consumes by 2020.
Apex signs a second PPA with the Grand River Dam Authority, this time for 100 MW from Kay Wind in Oklahoma.
East Texas Electric Cooperative and Northeast Texas Electric Cooperative join forces to bring 101.2 MW of renewable wind energy into the mix for their member-owned cooperatives in east Texas.
Apex’s 165 MW Cameron Wind project on the Gulf Coast of Texas is the IKEA Group’s single largest renewable energy investment to date.
D.E. Shaw Renewable Investments purchases Balko Wind, in a transaction that highlights Apex’s broad capabilities to deliver attractive clean energy investment opportunities to its financial partners.
“WFEC is pleased to once again be working with Apex Clean Energy. We are also excited to add this additional economical and environmentally friendly wind energy resource into our generation mix,” explained Brian Hobbs, vice president, legal and corporate services at WFEC.
First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, acquires Apex’s 298 MW Kingfisher Wind project. The facility is now owned by BlackRock.
Upon its completion, Kay Wind would be the first wind facility owned by Southern Company subsidiary Southern Power, which would go on to purchase Apex’s Grant Wind and Grant Plains Wind.
This marks the second transaction between Apex and Southern Power.
Apex was the U.S. market leader in 2015, with 1,042 MW of wind energy capacity added to the grid.
With the purchase of 41.4 MW of energy from Grant Plains Wind, OMPA increases its wind power portfolio to 141.6 MW out of approximately 800 MW.
Apex, First Reserve, Gulf Power Company, and Morgan Stanley Commodities Group were named joint recipients of two Deal of the Year awards, which recognize the innovative contract and financing structure for the energy and environmental attributes produced by Kingfisher Wind.
The groundbreaking hybrid energy project—the Army’s largest single renewable energy project to date—is expected to save the Department of Defense approximately $168 million over three decades.
Steelcase Inc., the global leader in the office furniture industry, announces a 12-year power purchase agreement for 25 MW from Grant Plains Wind in Oklahoma, which will make up nearly half of the company’s renewable energy purchases.
The transaction enables the U.S. Army’s largest renewable energy PPA, for the combined wind and solar energy from Cotton Plains Wind and Phantom Solar. The third asset in the portfolio acquired by Northleaf, Old Settler Wind, will power an additional 51,000 American homes.
In its third transaction with Apex, Southern Power purchases the Grant Plains Wind facility in Oklahoma.
The Center for Resource Solutions awards Apex for its overall leadership in bringing wind capacity to market and expansion of direct purchasing of clean energy by the public and private sectors.
Energy infrastructure company Enbridge Inc. announces its acquisition of a 100% interest in the 249 MW project based in Nueces County, Texas.
Global labeling and packaging materials manufacturer Avery Dennison Corporation signs a PPA with Apex’s Perryton Wind to offset 50 percent of the company’s U.S.-based greenhouse gas emissions derived from electricity consumption.
Apex announces a multiyear contract with IKEA Canada to manage and provide remote operations for the Wintering Hills wind farm located in Alberta, Canada.
In June 2017, Apex President and CEO Mark Goodwin joined with senior military officers and civilian leaders in a ribbon-cutting ceremony to commemorate the partnership and unprecedented project.
The Business Case Award salutes Apex’s achievements in bringing cost savings, energy security, and clean power to Fort Hood, the largest military installation in the world.
The innovative financing structure enables hedging against risks associated with variabilities in power generation and fluctuating energy prices.
Apex announces another multiyear contract with IKEA Canada, this time to provide asset management services for the Oldman 2 wind facility, located near Pincher Creek in Alberta. With this new contract, Apex now manages four IKEA Group wind energy facilities across North America.
The project is located in Nueces County, Texas.
“Partnering with utilities is one of the principal ways Apex is achieving its mission to accelerate the shift to clean energy,” said Mark Goodwin, president and CEO of Apex.
Interstate Power and Light purchased the 300 MW Iowa project. The sale is the second transaction in the Midcontinent ISO for Apex in one week.