Apex Sells Majority Stake in Renewable Generation Under Development At Texas Military Base

Apex Clean Energy announced the sale of a majority ownership stake in a 217 MW renewable energy portfolio to Northleaf Capital Partners, an independent global private markets manager with more than $7 billion in infrastructure and private equity commitments under management.

The portfolio consists of the 50.4 MW Cotton Plains Wind and 151.2 MW Old Settler Wind facilities in Floyd County, Texas, and the 15.4 MWac Phantom Solar facility currently under construction on-site at U.S. Army Garrison Fort Hood in Killeen, Texas.

In a deal announced in January, the Defense Logistics Agency, on behalf of the Army, will purchase the power from Cotton Plains Wind and Phantom Solar to supply energy to Fort Hood.

As previously reported (click here), a subsidiary of Apex Clean Energy, Inc., namely ACE Power, LLC (d/b/a REP ACE Power, LLC), has applied for an Option 2 Texas retail electric provider certificate to serve the Defense Logistics Agency