Hudson Energy Development sells wind project to Apex Clean Energy

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Hudson Energy Development sells wind project to Apex Clean Energy

Hudson Energy Development sold in November 2015 its development rights for the Galloo Island wind project in Jefferson County, New York, to Apex Clean Energy, a renewable-energy company in Charlottesville, Virginia.

The takeover comes after Hudson, of Albany, spent roughly two years developing the 31-tower, 102.3-megawatt project.

Apex officials declined to disclose the price of the acquisition, which was completed in late November. Apex plans to make a private investment of more than $200 million to develop and build the wind farm.

Officials would not say whether the project could still materialize without a pilot agreement, which would require different approvals.

Launched in 2009, Apex is among the country’s largest wind developers. It has been involved in developing wind projects across 25 states in the United States.

Apex will continue the state-mandated Article 10 review process for the project in accordance with the public involvement plan already developed by Hudson. 

Apex will continue to follow the timetable for approving the project that was established by Hudson, Mr. Fitzgerald said, with the goal of constructing the wind farm by the end of 2018.

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