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
Solar + Storage
Technology
IL, OH, TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Apex Clean Energy
- Buyer / Financier
- Multiple (see notes)
- Deal Value
- $2.79B
- Stage
- Under Construction
- ISO/RTO
- ERCOT, MISO, PJM
- Source
- Power Magazine
Capital Structure
$2.79B
Total transaction value
Service Providers
Advisory & Legal
- Sponsor Counsel
- Latham & Watkins
- notes
- Latham & Watkins represented Apex on Emerson Creek debt and tax equity. Lenders: CIBC, Helaba, Santander (Emerson debt); Wells Fargo (tax equity); Santander/J.P. Morgan (Coles).
Finance Counterparties
Lenders & Capital Providers
- taxEquityInvestors
- Wells Fargo, J.P. Morgan
- lenders
- CIBC, Helaba, Santander, Bank of Hope
Related Deals
Aviator Wind East — 199.76 MW onshore wind, Texas (ERCOT)
Apex Clean Energy / Ares → Meta (Facebook)
Aviator Wind West — 220 MW wind, TX (ERCOT)
Apex Clean Energy / Ares → McDonald's
Aviator Wind — 525 MW (Coke County TX), largest single-phase single-site US wind at COD
Apex Clean Energy → Facebook (199.76 MW PPA) + McDonald's (220 MW VPPA); BHE Renewables tax equity
525 MW
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Wind Catcher — 2,000 MW OK Panhandle (800 GE 2.5 MW turbines) + 350-mile 765kV line ($4.5B; cancelled July 2018)
AEP / Public Service of OK + SWEPCO + Invenergy → PSO + SWEPCO ratepayers
$4.5B (announced; cancelled)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.