trending Market Intelligence /marketintelligence/en/news-insights/trending/VN5VMbHn_2Qr_8F8j55NfA2 content esgSubNav
In This List

Northleaf acquires majority stake in Apex Texas renewable portfolio

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Northleaf acquires majority stake in Apex Texas renewable portfolio

Apex CleanEnergy sold a majority ownership stake in a 217-MW renewable energyportfolio to global private equity firm Northleaf Capital Partners Ltd. Financial terms of thetransaction were not disclosed.

The portfolio consists of the planned 50.4-MW and 151.2 MWOld Settler windfacilities in Floyd County, Texas, and the 15.4-MWac Phantom Solar facility inKilleen, Texas, according to a July 14 news release.

Apex and Northleaf have also secured debt financing and taxequity commitments for the projects in separate transactions. CohnReznickCapital Markets served as financial adviser to Apex.

The company has enlisted the help of as balance-of-plantcontractor for the wind projects, and PhoenixSolar as lead contractor for the solar project. Apex said theDefense Logistics Agency, on behalf of the U.S. Army, will the output of the Cotton Plainsand Phantom Solar projects upon completion.