FinancingClosedJanuary 12, 2026

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

Finance Counterparties

Lenders & Capital Providers

taxEquityInvestors
Wells Fargo, J.P. Morgan
lenders
CIBC, Helaba, Santander, Bank of Hope

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