Apollo Funds to Acquire Eagle Creek Renewable Energy

Apollo announced that Apollo-managed funds have agreed to acquire Eagle Creek Renewable Energy, a leading independent owner and operator of hydroelectric facilities across the U.S.

Eagle Creek owns and operates 85 hydroelectric facilities across 18 states, providing renewable power to support rapidly growing energy demand from data center infrastructure and the Industrial Renaissance in the U.S. Hydropower is differentiated as a low-carbon, reliable energy source with baseload capabilities. The Company’s nearly 700 MW portfolio makes it one of the largest and most diversified independent hydro platforms in the country, and its facilities produce enough electricity to power over 260,000 homes.

This acquisition aligns with Apollo’s focus on energy transition investments, as hydropower provides a reliable, low-carbon energy source with baseload capabilities, meeting the rising energy demands from data centers and industrial growth. Apollo aims to leverage its industry expertise and network to support Eagle Creek’s expansion and enhance its operations. The transaction, advised by BMO Capital Markets and Vinson & Elkins, is expected to close in Q1 2026, pending regulatory approvals. This move is part of Apollo’s broader commitment, having deployed or arranged approximately $59 billion in energy transition-related investments since 2022, contributing to its goal of over US$100 billion by 2030 under its Transition Investment Framework.