Image by: Green Energy Markets (www.greenmarkets.com.au).
US wind and solar projects developer Apex Clean Energy has received USD 200 million (EUR 163m) in the form of a senior secured loan from a family office investor group led by Zoma Capital and Plexus Solutions.
Apex said in a statement that this financial support will allow it to advance its portfolio of utility-scale wind, solar and storage projects across the country. Since its inception in 2009, the company has commercialised about USD 8.7 billion worth of wind and solar projects for a total capacity of 6.5 GW.
Less than two weeks ago, Apex announced a couple of power purchase agreements (PPAs) with fast-food giant McDonald's Corporation (NYSE:MCD) under which the restaurant chain will buy the output from a 200-MW portion of the 303-MW Caddo wind farm in Oklahoma and 126 MW from the 300-MW Lincoln Land wind park in Illinois. Thus, McDonald’s became Apex’s largest single off-take entity and corporate buyer as it also previously contracted 220 MW of wind turbine capacity from Apex-developed projects in Texas.