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July 17, 2016

Apex sells stake in 217MW renewables portfolio to Northleaf Capital Partners

US-based renewable energy developer Apex Clean Energy has divested a majority of its ownership stake in a 217MW renewable energy portfolio to the Canadian financial institution Northleaf Capital Partners.

By Lopamudra Roy

US-based renewable energy developer Apex Clean Energy has divested a majority of its ownership stake in a 217MW renewable energy portfolio to the Canadian financial institution Northleaf Capital Partners.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
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The portfolio includes the 50.4MW Cotton Plains wind plant, the 151.2MW Old Settler facility in Texas, and the  15.4MWAC Phantom Solar facility under construction at the US Army Garrison Fort Hood in Killeen, Texas.

Northleaf's director Jared Waldron said: “Direct investments in fully contracted wind and solar assets are on strategy for Northleaf’s programme, as they offer predictable long-term cash flows and returns for our investors.

“The partnership with Apex is very strategic to us, given its track record as a leading renewable energy company. We look forward to maintaining a productive and long-term relationship.”

"The 151.2MW Old Settler wind facility will have the capacity to produce enough clean electricity to power 51,000 average US households."

Under the terms of a deal announced in January this year, the US Army through the Defense Logistics Agency will acquire the 50.4MW Cotton Plains wind facility and the 15.4MWAC Phantom Solar plant in a bid to provide electricity to Fort Hood.

Apex's president Mark Goodwin said: “Apex is proud to help the largest active-duty armoured post in the US Fort Hood increase its energy resiliency and help accelerate our nation’s overall shift to clean energy.”

The 151.2MW Old Settler wind facility will have the capacity to produce enough clean electricity to power 51,000 average US households.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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