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Fort Hood Renewable Energy Facilities Enter Commercial Operations

Killeen, Texas – The U.S. Army’s largest single renewable energy project began officially generating clean electricity on April 27.Apex Clean Energy (Apex) developed, managed construction of, and currently operates the groundbreaking hybrid wind and solar complex, which will provide more than 50 percent of the annual load at U.S. Army Garrison Fort Hood in Killeen, Texas.

Apex and Northleaf Capital Partners (Northleaf) own the renewable energy portfolio of which the complex is a part: the 50.4 MW Cotton Plains Wind and 151.2 MW Old Settler Wind facilities in Floyd County, Texas; and the 15.4 MWac Phantom Solar on-site at Fort Hood.

The Defense Logistics Agency–Energy, on behalf of the Army, is purchasing the power from Cotton Plains Wind and Phantom Solar to supply energy to Fort Hood. The two facilities will save the Army—and taxpayers—an estimated $168 million in direct energy costs over the life of the project. Old Settler Wind, meanwhile, is generating enough clean electricity to power 51,000 average U.S. homes. Apex is providing asset management services for all three facilities.

“With our deep corporate ties to the military, Apex is honored to partner with the Army on its goals to increase our country’s energy independence and protect our national security,” said Mark Goodwin, president and CEO of Apex. “We are all proud to help Fort Hood ensure decades of consistent, affordable, and secure clean energy.”

“We are pleased to partner with Apex, given the company’s reputation as a leading renewable energy company,” said Jared Waldron, a director at Northleaf. “Direct investments in fully contracted wind and solar assets are consistent with Northleaf’s investment strategy and offer stable cash flows and attractive long-term returns for our investors.”

Apex and Northleaf arranged debt financing and tax equity commitments for the renewable portfolio. CohnReznick Capital served as financial adviser to Apex.

The U.S. Army and Apex Clean Energy will host a ribbon-cutting ceremony at Fort Hood on June 2 to commemorate the start of operations. More information will be provided as the date approaches.

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About Apex
Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Apex was the U.S. market leader in 2015 and has brought nearly 1,700 MW online over the past two years.

With a team of over 200 professionals and the nation’s largest wind energy project pipeline, Apex is a leader in the transition to a clean energy future. For more information, visitwww.apexcleanenergy.com.

About Northleaf Capital Partners
Northleaf Capital Partners is a leading independent global private equity, infrastructure and private credit manager, with more than $9 billion in commitments under management on behalf of public, corporate and multi-employer pension plans, university endowments, foundations, financial institutions and family offices. Northleaf’s global infrastructure program pursues direct investments in mature, conservatively-positioned infrastructure assets in developed markets.

Northleaf’s 85-person team, located in Toronto, London, Chicago, and Menlo Park, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Northleaf currently manages seven global private equity funds, two specialist private equity secondary funds, two infrastructure funds, a private credit fund and a series of customized investment mandates tailored to meet the specific needs of institutional investors and family offices. For more information on Northleaf, please visitwww.northleafcapital.com.

US Army Signs PPA for Texas Hybrid Wind/Solar Energy Project

Charlottesville, Virginia – Defense Logistics Agency (DLA) Energy, in coordination with the U.S. Army Office of Energy Initiatives (OEI) and Fort Hood, has signed a Renewable Energy Supply Agreement (RESA) with Apex Clean Energy Holdings, LLC, for 65.8 MW of electricity from a combination of large-scale renewable energy solar and wind facilities to serve Fort Hood in Texas. The Army is expected to pay about $168 million less than what it would pay for power from the traditional electricity grid over the course of the 28-year agreement.

Apex’s groundbreaking hybrid energy project—the Army’s largest single renewable energy project to date—is sized to optimize the solar energy produced by the Phantom Solar facility on-site at Fort Hood and the wind energy produced at the Cotton Plains Wind energy facility in Floyd County, Texas. Apex is collaborating with two Service-Disabled Veteran-Owned Small Businesses in the development and construction of the project, Tennessee Valley Infrastructure Group (TVIG) and American Helios. TVIG will serve as the Balance of Plant contractor on the wind energy component project, and American Helios Constructors will support construction of the solar component of the project.

“The project at Fort Hood, the Army’s first hybrid and largest single renewable energy project to date, is an excellent example of the extraordinary results we can achieve through collaboration,” said Katherine Hammack, assistant secretary of the Army for installations, energy, and environment. “The Army will continue to partner with private-sector entities such as Apex Clean Energy, Inc., to expand renewable energy initiatives on our installations. By working together, we can ensure a sustainable world for future generations.”

“We are proud to be working with several Service-Disabled Veteran-Owned Small Businesses to support the Department of Defense’s goals to preserve energy surety and harness more clean, domestic energy to power military facilities,” said Mark Goodwin, Apex Clean Energy president. “As a veteran myself, I am honored to be partnering with the Army on a renewable energy project that will ensure a consistent, affordable, and secure energy resource for Fort Hood for years to come.”

Apex’s hybrid project will feature 50.4 MW of wind energy from the Cotton Plains Wind energy facility in Floyd County, Texas, and 15.4 MWac solar on-site at Fort Hood. The project will begin providing energy to Fort Hood in 2017.

About Apex
Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Last year, Apex completed 1,044 megawatts of new wind capacity, enough to power over half a million homes. With the nation’s largest wind energy project pipeline and billions of dollars worth of operating assets under management, Apex is a leader in the transition to a clean energy future. For more information, visit www.apexcleanenergy.com.