HomeRenewable energy ›Apex Clean Energy Announces Financing of 224 MW Great Pathfinder Wind project

Apex Clean Energy Announces Financing of 224 MW Great Pathfinder Wind project

Apex Clean Energy announced the financing of the 224 MW Great Pathfinder Wind project, following the execution of a tax equity commitment from Bank of America.

August 17, 2022. By News Bureau

Apex Clean Energy announced the financing of the 224 MW Great Pathfinder Wind project, following the execution of a tax equity commitment from Bank of America. 

Apex closed on construction financing with Santander Corporate and Investment Banking (Santander), Sumitomo Mitsui Banking Corporation, and Bank of America acting as coordinating lead arrangers and bookrunners.

Santander is also serving as administrative agent. The transaction closed on an accelerated timeline to support the project’s planned 2022 commercial operations date.

 

Upon completion, Great Pathfinder Wind will support Meta’s operations under a long-term power purchase agreement for the full capacity of the project. The PPA represents Apex’s fifth such transaction with Meta.

"Apex, as a pure-play renewable energy company, has delivered more than $10 billion of clean energy resources to date, with projects in development to support an additional $50 billion in wind, solar, storage, and green fuels generation facilities,” said Mark Goodwin, Apex Clean Energy president and CEO. “From clean electrons in the grid to green fuels for industry and transport, we are delivering energy solutions to decarbonize sectors across our economy. Apex is the energy company of the future.”

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