Apex Clean Energy to pursue 1GW of solar potential in US

Facebook
Twitter
LinkedIn
Reddit
Email
Apex is aiming to transition to become a renewables IPP. Image: Apex Clean Energy via Twitter.

US renewables developer Apex Clean Energy has made an agreement with timberland company Weyerhaeuser for the development of 1GW of utility-scale solar and solar-plus-storage projects on Weyerhaeuser sites across the US.

Apex will develop the portfolio, creating a “near-term opportunity for power purchasers to meet their decarbonisation goals at scale”, the company said via a media release, adding that the projects could reach commercial operations as early as 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“This significant portfolio of clean energy projects will be developed leveraging Weyerhaeuser’s broad and geographically diverse landholdings and Apex’s track record of bringing commercially viable clean energy projects to market,” said Ellen Balfrey, Apex’s senior vice president of finance.

To date, Apex has commercialised more than US$10 billion of utility-scale renewable projects through agreements with utilities, co-ops, and corporations. 

In October, funds managed by private equity firm Ares Management Corporation acquired a majority stake in Apex Clean Energy with the funds used to provide Virginia-based Apex with additional capital as it seeks to transition to a pure-play renewables independent power producer (IPP). 

Apex last year secured a US$200 million loan and now has a clean energy portfolio with more than 30GW in development.

“This agreement with Apex is a great step in advancing Weyerhaeuser’s strategic growth in renewable energy development, and it supports our broader commitment to sustainability and providing natural climate solutions across our land base,” said Russell Hagen, senior vice president and chief development officer for Weyerhaeuser.

Read Next

August 7, 2025
Independent power producer Arevon Energy has powered the second phase of the Eland solar-plus-storage Center in Los Angeles, California.
August 4, 2025
Fluctuations in solar generation and energy prices during July’s heat dome in the US highlight the need for more nuanced data, says Solargis.
Premium
August 1, 2025
Sustained private investment into UK solar is starting to produce results, at least with regard to the role of solar power in its energy mix.
August 1, 2025
Western Australia network operator Western Power has confirmed it has granted two more network connection offers to two new large-scale renewable energy projects, bringing its total for 2024/25 to 759MW.
July 28, 2025
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
July 25, 2025
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines