Industry News

Apex Clean Energy becomes independent power producer 28 Jun 2022, 2:29 pm

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Apex Clean Energy is becoming an independent power producer.

The developer of utility-scale solar, wind, green fuels, and energy storage projects announced the tax equity financing of the 70 MWAC Mulligan Solar project, marking the company's transition to a pure-play renewable energy IPP.

Apex made the move after an infusion of equity growth capital from the 2021 majority stake acquisition of Apex by Ares management Corporation's Infrastructure and Power strategy.


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Apex intends to fully own and operate the Mulligan Solar project. This is Apex's first tax equity closing for a project that the company is building.

The Mulligan Solar project, located in Logan County, Illinois, is expected to begin operations in Q3 2022.

Mulligan Solar will generate an estimated $7 million in local tax revenue, $21 million in payments to landowners, and nearly 350 full-time local jobs during construction.

New IFPA Forum spearheads roadmap to meet the unmet needs of people living with psoriatic disease in Europe 27 Jun 2022, 10:51 am

STOCKHOLM, June 27, 2022 /PRNewswire/ -- Europe has the highest prevalence of psoriatic disease globally. At least 6.7 million people in the region live with a psoriatic condition. People with psoriatic disease experience significant unmet medical needs and carry a heavy burden mentally,...

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Alstom to Supply 10 Extra Citadis Trams to Bordeaux Metropole 12 Jan 2018, 8:44 am

Alstom is to supply 10 additional Citadis trams to Bordeaux Metropole for a total amount of nearly EUR30 million[1] as part of the optional order for the Bordeaux Phase III project, which was notified on 29 August 2011. 26 trams, representing the firm order, entered circulation in 2013 and 2014. 15 trams are currently being manufactured as part of the optional order at the Alstom site in La Rochelle. These new 44-metre-long trams are identical to those of the previous orders and are intended ...

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