Apex plans 1 GW of solar parks on Weyerhaeuser lands

Apex Clean Energy will be pursuing the development of 1 GW of utility-scale solar and solar-plus-storage projects on properties in the southeastern US of timber, land and forest products company Weyerhaeuser Co (NYSE:WY).

In a statement on Thursday, Apex announced that the two parties have signed an agreement that will enable close coordination and collaboration between them to advance potential projects. Apex will be the one to lead the development of the portfolio, with first commercial operations expected as early as 2023.

Weyerhaeuser currently owns about 11 million acres (4.45 million) in the country, according to the announcement.

To date, Apex has commercialised over USD 10 billion (EUR 8.86bn) of utility-scale clean energy projects and transacted with utilities, co-ops and corporations, it says.

(USD 1.0 = EUR 0.886)

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