Apex Clean Energy has announced the financing of the 300 MW Prosperity Wind facility, following the execution of tax equity commitments from lead investor J.P. Morgan and another unnamed U.S.-based investor.
Located in Piatt County, Illinois, Prosperity Wind is Apex’s fifth commercialised wind farm in the state. The facility will serve both first-time and repeat customers, including Cargill and utilities Ameren Illinois Company, Commonwealth Edison Company, and MidAmerican Energy Company.
The project, which utilises Vestas turbines, is currently under construction, supported by White Construction, and is creating nearly 400 jobs. Prosperity Wind is scheduled to begin commercial operations in early 2025.
Canadian Imperial Bank of Commerce (CIBC) and Crédit Agricole Corporate and Investment Bank served as co-left lead arrangers and coordinating lead arrangers, with Allied Irish Bank; Bank of America, N.A.; Bayerische Landesbank, New York Branch; KeyBanc Capital Markets Inc.; National Bank of Canada; NatWest; and PNC Bank, National Association, acting as joint lead arrangers for the construction and term debt financing.
