Apex Clean Energy announced that it has secured a $25 million letter of credit facility from Helaba.
The corporate facility will support deposits to advance Apex development-stage projects.
“This facility will accelerate Apex’s exceptional momentum as we enter 2019, delivering carbon solutions through utility-scale wind, solar, and storage projects across the United States,” said Mark Goodwin, president and CEO of Apex Clean Energy. “We’re pleased to broaden our strong partnership with Helaba as we look to the years ahead.”
Helaba, which is the Sole Issuer of the letters, has previously provided debt financing for the construction of Apex projects.
“Helaba is very excited to be part of the continued success of the Apex team and we do look forward to supporting Apex as it brings its projects to fruition,” said Dr. Ulrich Pähler, Global Head Corporate Finance/Project Finance of Helaba.
Source: Company Press Release