Global Infrastructure SherpaCIBC Provides Financing for Apex Clean Energy's Renewable Energy Portfolio
Apex Clean Energy secured financing, including participation from Canadian Imperial Bank of Commerce, New York Branch, for its portfolio of renewable energy projects. The financing will support the development and construction of wind and solar projects.
Source Intelligence
The project is expected to generate $93m in tax revenue over its operational lifetime, providing $58m for local school districts, $13m for Piatt County and $10m for local townships. It will also provide $300,000 in funding for regional conservation initiatives throughout 2024 and 2025. "The Prosperity Wind project is expected to generate $93m in tax revenue over its operational lifetime, providing $58m for local school districts, $13m for Piatt County and $10m for local townships." "In addition to its economic benefits, the project will also provide $300,000 in funding for regional conservation initiatives throughout 2024 and 2025."
"Apex Clean Energy has secured financing for the Prosperity Wind project, a 300MW wind farm located in Piatt County in the US state of Illinois."
"The Canadian Imperial Bank of Commerce (CIBC) and Crédit Agricole Corporate and Investment Bank served as co-left lead arrangers and coordinating lead arrangers."
"The Canadian Imperial Bank of Commerce (CIBC) and Crédit Agricole Corporate and Investment Bank served as co-left lead arrangers and coordinating lead arrangers."
"Financial closure was achieved following the execution of tax equity commitments from lead investor JP Morgan and an undisclosed US-based investor."
"Allied Irish Bank and Bank of America were among the institutions that acted as lead arrangers for the construction and term debt financing."
"Allied Irish Bank and Bank of America were among the institutions that acted as lead arrangers for the construction and term debt financing."
"It is supported by White Construction and will create 400 jobs."
"The Prosperity Wind facility is poised to serve a range of customers, including first-time clients and repeat partners such as Cargill, as well as utilities such as Ameren Illinois, Commonwealth Edison and MidAmerican Energy."
"The Prosperity Wind facility is poised to serve a range of customers, including first-time clients and repeat partners such as Cargill, as well as utilities such as Ameren Illinois, Commonwealth Edison and MidAmerican Energy."
"The Prosperity Wind facility is poised to serve a range of customers, including first-time clients and repeat partners such as Cargill, as well as utilities such as Ameren Illinois, Commonwealth Edison and MidAmerican Energy."
"The Prosperity Wind facility is poised to serve a range of customers, including first-time clients and repeat partners such as Cargill, as well as utilities such as Ameren Illinois, Commonwealth Edison and MidAmerican Energy."