Apex Clean Energy safeguards US$ 200m refinancing
- Apex Clean Energy has actually closed its refinancing round with US$ 200 million to establish more utility-scale wind, solar and storage projects in the United States.
The renewables driver signed a manage a household workplace led by green financing groups Zoma Capital and also Plexus Solutions to money Apex's future projects as the dimension of the nation's solar market is expected to rise over the coming years.
Financial investment had decreased throughout 2020 because of provide chain disturbance and also construction hold-ups induced by the international health and wellness crisis. Nevertheless, market analysts predict this is a momentary issue and financing for renewables projects and entities will return to pre-COVID-19 degrees following year, particularly with the climate-conscious Biden management set to take workplace in January.
Mark Goodwin, head of state and chief executive of Apex Clean Energy, stated the $200 million financial investment will certainly "help shape the future of the American energy sector as we transition our economic situation to renewable energies".
Research study carried out by the Solar Energy Industries Association (SEIA) and Wood Mackenzie predicts that, due to project delays and need from the Investment Tax Credit project completion deadline on 31 December 2023, following year could be record-breaking for United States non-residential solar at almost 2.4 GWdc.
Apex Clean Energy has commercialised US$ 8.7 billion of wind as well as solar projects considering that its founding in 2009, with a total clean energy capability of 6.5 GW. It additionally runs the largest renewable energy project offering the US Army: a hybrid PV and also wind plant that was built in Fort Hood, Texas, in 2017.
