Apex Clean Energy Buys 442.5MW of Solar Projects in VA
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The solar capacity is distributed into four projects currently underway across Virginia. Upon completion, the company's portfolio is anticipated to power approximately 72,000 homes.
By Anca Gagiuc
Apex Clean Energy expanded its solar power portfolio by 442.5 megawatts. The capacity, currently under development throughout Virginia, has been recently acquired from renewable energy developer SolUnesco.
The transaction includes:
- Carvers Creek (150 MW)
- Moody Creek (150 MW)
- Red Brick (130 MW)
- Rivanna (12.5 MW)
Combined, the four projects will generate sufficient energy to power about 72,000 homes and is estimated to contribute by more than $11 million in state and local tax revenue. The deal bolsters Apex’s solar portfolio to more than 3 gigawatts, approximately 700 megawatts of which are situated in the Commonwealth.
“The projects recently acquired from SolUnesco are expertly sited, have strong landowner support, and offer substantial environmental and economic benefits. We look forward to bringing these projects online, enabling significant job creation and new revenue streams in communities across the Commonwealth of Virginia,” Mark Goodwin, Apex Clean Energy president & CEO, said in prepared remarks.