Hudson Energy Development sells wind project to Apex Clean Energy
Hudson Energy Development sold in November 2015 its development rights for the Galloo Island wind project in Jefferson County, New York, to Apex Clean Energy, a renewable-energy company in Charlottesville, Virginia.
The takeover comes after Hudson, of Albany, spent roughly two years developing the 31-tower, 102.3-megawatt project.
Apex officials declined to disclose the price of the acquisition, which was completed in late November. Apex plans to make a private investment of more than $200 million to develop and build the wind farm.
Officials would not say whether the project could still materialize without a pilot agreement, which would require different approvals.
Launched in 2009, Apex is among the country’s largest wind developers. It has been involved in developing wind projects across 25 states in the United States.
Apex will continue the state-mandated Article 10 review process for the project in accordance with the public involvement plan already developed by Hudson.
Apex will continue to follow the timetable for approving the project that was established by Hudson, Mr. Fitzgerald said, with the goal of constructing the wind farm by the end of 2018.
Country news
-
-
January 07, 2016
Five Point Capital Partners announces $200 million equity commitment to WaterBridge Resources
Five Point Capital Partners LLC today announced the formation and funding of WaterBridge Resources, LLC, with an equity commitment of up to $200 million from Five Point Capital Midstream Fund II L.P. and its affiliates. Read more -
January 07, 2016
Connecticut Green Bank and Hannon Armstrong Partner for Commercial Clean Energy Financing
The Connecticut Green Bank and Hannon Armstrong have reached an agreement that will increase the deployment of energy efficiency, solar and other clean energy projects throughout the Connecticut commercial and industrial sector. Read more -
December 23, 2015
Canadian Solar reached FC and sell stake in 200 MW solar project
Canadian Solar Inc. recently announced that its wholly owned subsidiary, Recurrent Energy,, has closed on a combined construction and term debt facility, with a syndicate of five banks, for the 200 MW AC Garland solar power project in California. The project, developed by Recurrent Energy, is currently under construction. Read more -
December 22, 2015
First Reserve announces seven new energy senior promotions
First Reserve, the global private equity and infrastructure investment firm exclusively focused on energy, has announced the promotion of seven investment professionals across its global private equity and energy infrastructure teams. Read more -
December 21, 2015
U.S. Geothermal acquires majority of Goldman Sachs interest in Raft River power plant
U.S. Geothermal has acquired from Goldman Sachs the majority of their cash flow interest in and ownership of the Raft River geothermal project. Read more
