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Lincoln Land Wind Project Changes Ownership


By Benjamin Cox on
February 4, 2021 at 7:23am
A wind project in Morgan County has been purchased by a multi-national corporate investor. Apex Clean Energy announced on Tuesday that Ares Management Corporation, that funds managed by Ares’ Infrastructure and Power strategy, acquired the Lincoln Land Wind Project in Morgan County.
Ares, which was founded in 1997 in Los Angeles, is a multi-billion dollar publicly traded corporation with offices on 3 continents. Ares Private Equity Group works in majority and share-controlled investments principally in under-capitalized middle market companies and manages investments in U.S. power and infrastructure assets in the power generation, transmission, and midstream sectors. It manages approximately $23.3 billion in assets under management through four corporate private equity commingled funds focused on North America. ....

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Apex Clean Energy and Ares Management Enter into an Additional Wind Energy Partnership


Press release content from Business Wire. The AP news staff was not involved in its creation.
Apex Clean Energy and Ares Management Enter into an Additional Wind Energy Partnership
February 2, 2021 GMT
LOS ANGELES & CHARLOTTESVILLE, Va. (BUSINESS WIRE) Feb 2, 2021
Apex Clean Energy and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds managed by Ares’ Infrastructure and Power strategy acquired the Lincoln Land Wind project, located in Morgan County, Illinois, from Apex. The 302 MW wind project builds on a successful history of partnership between the two companies and showcases the industry’s strong momentum headed into 2021.
Apex led the development of Lincoln Land Wind and Ares finalized preconstruction milestones, including securing turbines, financing (tax equity and debt), and other project contracts. Lincoln Land Wind has long-term power purchase agreements with Facebook and McDonald’s, Apex’s two largest corporate ....

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