Apex in early stages of development of two Virginia wind projects

Apex Clean Energy confirmed Feb. 10 that it is in the early development stages of two potential wind power projects in Virginia.

Apex is developing a Botetourt County project called Rocky Forge Wind as well as a project in Pulaski County called Pinewood Wind.

Apex envisions Rocky Forge with a generating capacity of up to 80 MW. It would use up to 25 modern, slow-spinning wind turbines. The Rocky Forge project is located in a remote section of northern Botetourt County about five miles northeast of Eagle Rock on private land along Powder Mountain. 

As for Pinewood, it could have a capacity of up to 180 MW and could come online in the 2017-to-2018 time period. The Pinewood project is located in southern Pulaski County, mostly on Boy Scouts property, about seven miles southeast of the Town of Pulaski. 

Each project is located within an hour’s drive of Roanoke, Va.

“It is too early at this time for Apex to have any power purchase agreements finalized for these projects,” an Apex spokesperson said in an email response to an inquiry from GenerationHub.

According to Virginia law, projects under 100 MW are permitted by the state Department of Environmental Quality (DEQ), and projects over 100 MW are permitted by the State Corporation Commission (SCC). The SCC also regulates the sale of energy to any regulated utility in Virginia.

The permitting process has not yet begun on either project. “We are currently performing site studies and collecting data for project evaluation,” the spokesperson said. “We hope to be in a position to build one or both projects in 2017 or 2018,” the spokesperson went on to say.

Apex Clean Energy is an independent renewable energy company focused on building utility-scale generation facilities. Apex has announced over 750 MW of power purchase agreements since 2013. In the coming year, Apex will bring five new U.S. wind energy facilities online, comprising over 1,000 MW of capacity.

In 2013 Apex was outbid by Dominion (NYSE:D) for the rights to develop a major wind project off the shore of Virginia.

Apex also announced Feb. 10 that it has secured $50m in financing from Prudential Capital Group to help with the Apex project pipeline.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.