Apex wraps up sale of 383 MW of wind farms in Michigan
Image by U.S. Department of Agriculture.
Apex Clean Energy today said it has completed the sale of 383 MW in wind power capacity in Michigan to local utility DTE Energy Co (NYSE:DTE).
The deal covered the sale of the Isabella Wind I and II projects in Isabella County, which together include 136 turbines and will generate enough power to supply the equivalent of 86,000 average households, while also saving almost 700,000 tonnes of carbon dioxide (CO2) a year.
Apex developed and managed the construction of the two wind farms, which achieved commercial operation in April. The company used a construction loan from KeyBank and CoBank to support the projects.
Under DTE's voluntary renewable energy programme MIGreenPower, commercial and industrial customers, including Ford Motor Co, General Motors and the University of Michigan, will use power generated by the new wind farms.