Apex Clean Energy becomes independent power producer

By John Engel Follow @EngelsAngle

Apex Clean Energy is becoming an independent power producer.

The developer of utility-scale solar, wind, green fuels, and energy storage projects announced the tax equity financing of the 70 MWAC Mulligan Solar project, marking the company’s transition to a pure-play renewable energy IPP.

Apex made the move after an infusion of equity growth capital from the 2021 majority stake acquisition of Apex by Ares management Corporation’s Infrastructure and Power strategy.

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