2020-11-25
http://w3.windfair.net/wind-energy/news/35265-apollo-investment-offshore-us-wind-development-construction-coast-reuters-wind-farm

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Wind Industry Profile of


Apollo Global Management Invests in US Wind

It's the private equity firm’s first foray into offshore wind development supporting the construction of an offshore wind farm off the construction of Maryland.

Image: PixabayImage: Pixabay

Apollo has acquired a stake in the renewable energy developer US Wind for $265 million. According to Reuters, the investment, which includes both debt and equity, will fund the construction of an offshore wind project off the coast of Maryland.

Despite not having built a large offshore wind farm yet, offshore wind is the hottest trend in the U.S. electricity market.

 

Source:
Reuters
Author:
Windfair Editors
Email:
press@windfair.net
Keywords:
Apollo, investment, offshore, US Wind, development, construction, coast, Reuters, wind farm



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