Hoopeston Wind LLC notified the Federal Energy Regulatory Commission on March 23 that a sale of its interests to IKEA had closed on March 13.
FERC on March 4 signed off on the sale of the Hoopeston Wind project in Illlinois to an affiliate of home furnishings company IKEA. In October 2014, Hoopeston Wind requested authorization for Apex Wind I LLC, the direct owner of Hoopeston Wind, to sell 100% of its membership interest in Hoopeston Wind to IKEA Energy US LLC. Apex Wind is a wholly-owned subsidiary of Apex Clean Energy Holdings LLC.
Hoopeston Wind owns and is developing a 98-MW wind facility located in Vermilion County, Illinois, in the Midcontinent Independent System Operator (MISO) market. The Hoopeston Facility will interconnect with the transmission system owned by Ameren Services Co., as agent for Ameren Illinois Co.
Apex Holdings through its subsidiaries, develops, constructs, owns and operates utility-scale renewable energy facilities and assets across the United States.