Apex Clean Energy has closed financing for the 224 MW Great Pathfinder Wind project, following the execution of a tax equity commitment from Bank of America (NYSE: BAC), the company said.
Great Pathfinder Wind, located in Boone and Hamilton Counties, Iowa, is currently under construction and is expected to begin operations in Q4 2022. Apex is providing construction management services for the project and IEA Constructors, a wholly owned subsidiary of Infrastructure and Energy Alternatives, Inc., is constructing the project, which consists of 66 GE wind turbine generators.
The wind facility will generate an estimated USD 73.9 million in local tax revenue, USD 68.8 million in payments to landowners, and nearly 300 full-time local jobs during construction.
Apex Clean Energy was founded to accelerate the shift to clean energy through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies. For more information, visit apexcleanenergy.com.
Bank of America serves individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries.
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