Three projects totaling ~670 MW: Emerson Creek Wind (269 MW, OH), Coles Wind (300 MW, IL), Raven Storage (100 MW BESS, TX)
Emerson Creek: CIBC, Helaba, Santander (debt) + Wells Fargo (tax equity). Coles: Santander (debt) + J.P. Morgan (tax equity). Raven: Bank of Hope (SA Grid Solutions JV with SK Gas/SK Eternix). Total 2025 portfolio: $4.08B financed. Financial closings in late Dec 2025; announced Jan 12, 2026.
$2.79B
Deal Value
670MW
Capacity
400MWh
Storage
Hybrid
Technology
OH, IL, TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Apex Clean Energy
- Buyer / Financier
- Multiple (see notes)
- Deal Value
- $2.79B
- Stage
- Construction
- ISO/RTO
- PJM, MISO, ERCOT
- Source
- Power Magazine
Finance Counterparties
Lenders & Capital Providers
- taxEquityInvestors
- Wells Fargo, J.P. Morgan
- lenders
- CIBC, Helaba, Santander, Bank of Hope
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