Dallas, Texas, January 16, 2026
Apex Clean Energy has announced financing for three major renewable energy initiatives across the U.S., totaling nearly 670 MW and approximately $2.79 billion in funding. These projects, including the Raven Storage battery system in Texas and wind farms in Ohio and Illinois, represent significant steps towards advancing renewable energy infrastructure and creating economic growth and job opportunities.
Apex Clean Energy Secures Major Financing for Renewable Projects
Three Renewable Energy Initiatives Totaling 670 MW Mark New Milestone
Dallas, Texas – Apex Clean Energy recently announced financing agreements for three significant renewable energy projects across the United States, promising substantial advancements in energy infrastructure and investment. This funding package totals nearly 670 megawatts (MW) of capacity with financial commitments amounting to approximately US$2.79 billion. Among these projects include the Raven Storage battery energy storage system in Texas, contributing to the region’s push towards cleaner energy solutions.
The Raven Storage project, positioned in Wharton County, Texas, is a pioneering 100 MW battery energy storage system that exemplifies the collaboration between local and international business entities. This venture is a joint effort of Apex Clean Energy and SK Group’s SK Gas and SK Eternix, highlighting how cooperative alliances can enhance regional energy independence and sustainability. This funding also marks Apex’s inaugural collaboration with a U.S.-based financial institution, the Bank of Hope, opening doors for further investment in Texas’s booming energy sector.
Significant Projects and Their Impact
As Innovators in the renewable energy landscape, Apex Clean Energy’s projects promise not only environmental benefits but also economic growth and job creation. The Emerson Creek Wind project and the Coles Wind project are noteworthy contributors. The Emerson Creek Wind farm, located in Erie and Huron Counties, Ohio, has secured financing through a well-structured agreement involving several financial institutions such as Canadian Imperial Bank of Commerce and Wells Fargo.
Adding to this portfolio, the Coles Wind project in Coles County, Illinois, further diversifies Apex’s energy offerings, boasting a capacity of 300 MW. Funding for this project has been arranged through significant partnerships, including Santander and J.P. Morgan, showcasing an excellent model of integrating private investment in public benefit initiatives.
The Shift to Clean Energy
This substantial financing not only showcases Apex Clean Energy’s capacity to fund and execute large renewable energy projects across diverse markets but also aligns with the growing demand for sustainable energy solutions across the United States. The emphasis on private investments in renewable options underscores the importance of limited regulations in encouraging entrepreneurial innovation and economic growth in the clean energy sector.
Local Economic Booster
The projects collectively will positively impact local economies by creating jobs and fostering community involvement in energy production. The symbiotic relationship between businesses like Apex Clean Energy and local economies can further stimulate opportunities within Texas and beyond as the nation transitions towards cleaner energy resources. By investing in renewable energy infrastructure, Apex is not just committing to sustainability, but also revitalizing local business prospects.
Looking Forward
The achievement of securing such substantial financing marks a significant milestone for Apex Clean Energy as it continues to pave the way for future projects expanding America’s renewable energy horizons. With a strong dedication to innovation, Apex stands as a model for companies looking to contribute positively to the economic and environmental landscapes within their communities.
Key Features of the Projects
| Project Name | Location | Capacity | Type | Financing Details |
|---|---|---|---|---|
| Raven Storage | Wharton County, Texas | 100 MW | Battery Energy Storage System | Joint venture with SK Gas and SK Eternix; first financing with Bank of Hope |
| Emerson Creek Wind | Erie and Huron Counties, Ohio | 269 MW | Wind Farm | Fully underwritten construction and term loan; letter of credit from CIBC, Helaba, and Santander; tax equity from Wells Fargo |
| Coles Wind | Coles County, Illinois | 300 MW | Wind Farm | Construction and term financing underwritten by Santander; tax equity from J.P. Morgan |
Frequently Asked Questions (FAQ)
What are the key details of the Raven Storage project?
The Raven Storage project is a 100 MW battery energy storage system located in Wharton County, Texas. It is part of SA Grid Solutions, a joint venture between Apex Clean Energy and two companies from the South Korean SK Group conglomerate, SK Gas and SK Eternix. This project also marks Apex’s first financing with the U.S.-based Bank of Hope.
How was the Emerson Creek Wind project financed?
The Emerson Creek Wind project is a 269 MW wind farm situated in Erie and Huron Counties, Ohio. Financing for this project was secured through a fully underwritten construction and term loan, along with a letter of credit facility from Canadian Imperial Bank of Commerce (CIBC), Helaba, and Santander. Tax equity was provided by Wells Fargo.
What is the Coles Wind project?
The Coles Wind project, located in Coles County, Illinois, is a 300 MW wind farm. It obtained construction and term financing underwritten by Santander, with J.P. Morgan acting as the sole tax equity partner.
What does this financing mean for Apex Clean Energy?
These financings represent a significant milestone for Apex Clean Energy, reinforcing its ability to execute large-scale renewable energy projects across various markets and technologies. The company continues to advance its mission to accelerate the shift to clean energy, contributing to the expansion of renewable energy infrastructure in the United States.
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