Apex Clean Energy has inked an agreement with Electricity Generating Public Company Limited (EGCO Group) for the partial sale of its renewable assets portfolio in US. Under the agreement, EGCO Group will acquire a 49 per cent ownership interest in the Pinnacle II portfolio, which has a combined capacity of 251 MW. The remaining 51 per cent stake will be owned by Apex Clean Energy, and it will oversee the operations of the projects.
Furthermore, this portfolio consists of a wind energy project named Downeast Wind in Maine with a capacity of 126 MW and a solar energy project named Wheatsborough Solar in Ohio with a capacity of 125 MWac. These projects are currently in the final stages of construction and are expected to begin operations in 2025. Additionally, these projects are expected to contribute approximately $55 million in local tax revenue over their lifetimes.
Apex Clean Energy is a US-based renewable energy company focused on accelerating the shift towards clean energy. They work towards the origination, development, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies.
