Apex Clean Energy Leads Market for 2019 Corporate Renewable Power Procurement

Wood Mackenzie has named Apex Clean Energy the top C&I wind power provider overall and the top corporate renewable provider in 2019.

In a breakout year for commercial and industrial (C&I) renewable energy procurement, global energy research firm Wood Mackenzie has named Apex Clean Energy the top Commercial and Industrial (C&I) wind power provider overall and the top corporate renewable provider in 2019.

In 2019, the firm facilitated the procurement of more than 1.2 gigawatts of utility-scale wind and solar energy—more than double the amount of the next developer—to lead the C&I market. Cumulatively, it has delivered more wind capacity to C&I customers than any of its competitors, having contracted 1.9 gigawatts (representing 11 percent of market share) to date.

“Apex is bringing together industry-leading projects, innovative and flexible transaction structures, and some of the world’s preeminent corporations to help expand the market for C&I procurement,” said Mark Goodwin, Apex’s president and CEO. “Using this experience as a foundation, Apex is positioned to deliver cost-competitive renewable power to repeat customers and new market entrants alike in the years to come.”

The transactions facilitated by Apex in 2019 represent a full 25% of the 4.8 GW of clean energy procured by C&I power purchasers last year and include publicly announced deals with the following corporate leaders:

• Starbucks (50 MW with Diamond Spring Wind)
• Walmart (175 MW with Diamond Spring Wind)
• Smithfield Foods (75 MW with Diamond Spring Wind)
• Customers including Ford, General Motors, and the University of Michigan via DTE’s MIGreenPower program (385 MW with Isabella Wind)
• Facebook (200 MW with Aviator Wind East)
• McDonald’s (220 MW with Aviator Wind West)
• Apple, eBay, Samsung, Austin Semiconductor, and Sprint (75 MW with White Mesa Wind)
• Facebook (61.6 MW with Altavista Solar)
• Baker Hughes (25 MW with White Mesa Wind via EDF Energy Services)

“Apex’s strong track record of partnering with corporate leaders continues in 2020, with additional transactions already signed, including those that will supply Google and other Fortune 500 customers to be announced at a later date,” the firm stated.