Apex Selling Sugar Creek Wind To Ontario’s APUC

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sugar creek
Source: Apex Clean Energy

Virginia-based Apex Clean Energy has announced the sale of its Sugar Creek Wind project to a wholly owned subsidiary of Algonquin Power & Utilities Corp. (APUC).

The advanced-stage project, totaling 202 MW, is located in Logan County in central Illinois. This fall, Apex secured a long-term contract with the Illinois Power Agency to provide renewable energy certificates from the project to utilities in the state.

“Sugar Creek Wind demonstrates the Apex team’s proven ability to identify and advance projects with strong fundamentals, including access to transmission, exceptional resources, strong community support and financeable off-take,” says Mark Goodwin, president and CEO of Apex.

APUC subsidiary Liberty Power will purchase the development rights of the wind farm. Liberty Power expects to complete permitting activities so as to allow project construction to begin in 2019.

“Our project team is excited to undertake development of the Sugar Creek Wind project, the ownership and operation of which we believe closely aligns with our commitment to foster clean energy sources,” says Jeff Norman, chief development officer at APUC. “We look forward to working with members of the local community and other important stakeholders as we advance the project to completion.”

Based in Ontario, APUC is a diversified generation, transmission and distribution utility with approximately C$9 billion of total assets. The terms of the transaction with Apex have not been disclosed.

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