Transaction Will Support New York State’s Decarbonization Goals While Generating Significant Community Benefits
CHARLOTTESVILLE, Va.–(BUSINESS WIRE)–Apex Clean Energy today announced the execution of a renewable energy certificate (REC) purchase agreement with the New York State Energy Research and Development Authority (NYSERDA) for the full output of RECs from Heritage Wind, located in Orleans County, New York. The 126 MW project will help support New York’s transition to a carbon-free electricity grid by 2040.
“Heritage Wind exemplifies how wind power can serve both state and local priorities, advancing New York’s energy leadership while creating transformative benefits for the project community,” said Ken Young, CEO of Apex. “Thanks to years of diligence and precision, Heritage will soon power a brighter future for the Empire State and show what’s possible when we match bold clean energy goals with determined execution.”
NYSERDA President and CEO Doreen M. Harris said, “Through our large-scale renewable program, and Apex Clean Energy’s commitment to renewable energy projects like Heritage Wind, New York is on a path to providing zero-emission electricity statewide. Additionally, public-private partnerships like those with Apex Clean Energy are bringing significant economic benefits to local communities, including job creation and delivering energy savings directly to residents—as seen in the Town of Barre.”
Heritage Wind, which will generate enough clean, homegrown energy to power approximately 32,000 homes, will also create nearly $30 million in new revenue for the Town of Barre over the project’s lifetime, plus $3.5 million each for the Albion School District and Orleans County. In addition, $1.2 million will go toward a local utility bill discount program that will save each Barre household an estimated $1,500 on their electric bill during the project’s first decade of operations. Heritage Wind will also stimulate local jobs during construction and operations, utilize the services of local businesses, and further advance New York’s growing renewable energy market.
The project is expected to begin commercial operations in 2026.
About Apex Clean Energy
Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, development, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across the United States. Our mission-driven team uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit apexcleanenergy.com or follow us on Facebook, YouTube, and LinkedIn.
Contacts
Apex Clean Energy
Cat Strumlauf
Vice President | Marketing and Communications
(434) 227-4196
