Home solar outfits . Credit: David Goehring.

US-based utility-scale wind and solar power facilities operator Apex Clean Energy has acquired 442.5MW of solar projects in Virginia, US, from renewable energy developer SolUnesco.

Financial details of the acquisition have not been disclosed by both companies.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the deal, Apex will take over solar projects including 150MW Carvers Creek, 150MW Moody Creek, 130MW Red Brick, and 12.5MW Rivanna that are located across the Commonwealth.

These solar projects in Virginia will generate enough clean electricity to power approximately 72,000 US homes and would contribute over $11m in state and local tax revenue.

Apex Clean Energy president and CEO Mark Goodwin said: “Apex continuously seeks to grow our utility-scale wind and solar pipeline based on projects with the greatest potential to meet rapidly expanding market demand.

“The projects recently acquired from SolUnesco are expertly sited, have strong landowner support, and offer substantial environmental and economic benefits.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The projects recently acquired from SolUnesco are expertly sited, have strong landowner support, and offer substantial environmental and economic benefits.”

“We look forward to bringing these projects online, enabling significant job creation and new revenue streams in communities across the Commonwealth of Virginia.”

With this acquisition, Apex has expanded its nationwide portfolio of advanced solar projects to more than 3GW, of which nearly 700MW situated in the Commonwealth.

SolUnesco CEO Francis Hodsoll said: “This partnership provides key capabilities and resources to best position these four projects. We believe the Apex relationship will advance the growth of SolUnesco’s capabilities and market position.”

In December last year, Apex Clean Energy sold its 202MW Sugar Creek wind project to a wholly owned subsidiary of Algonquin Power & Utilities for an undisclosed sum.