January 7 (Renewables Now) - Apex Clean Energy on Friday said it has acquired a 442.5-MW portfolio of under-development solar projects in its home state Virginia from renewable energy developer SolUnesco.
The particular portfolio includes four assets -- the Carvers Creek and Moody Creek projects, each of 150 MW, the 130-MW Red Brick and the 12.5-MW Rivanna photovoltaic (PV) schemes. Once completed, the plants will be able to generate enough electricity to supply around 72,000 US homes and bring over USD 11 million (EUR 9.6m) in state and local tax revenue.
Apex noted that the acquisition will grow its advanced solar project portfolio in the country to over 3 GW, with around 700 MW of that capacity being situated in the Commonwealth. In Virginia's Campbell County, the company is developing the 80-MW Dragonfly Solar project that is planned to be commissioned in March 2020, according to its website.
“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,” said president and CEO Mark Goodwin.
(USD 1.0 = EUR 0.875)