The collaboration between two industry leaders will accelerate the shift to clean power at a pivotal moment in the energy transition.
Weyerhaeuser owns approximately 11 million acres in the United States. The agreement, which builds on a strong working relationship between Apex and Weyerhaeuser, will enable close coordination and collaboration between the companies to advance potential projects. Apex will lead on development of the portfolio, which includes projects that could reach commercial operations as early as 2023, creating a near-term opportunity for power purchasers to meet their decarbonisation goals at scale.
“This significant portfolio of clean energy projects will be developed leveraging Weyerhaeuser’s broad and geographically diverse landholdings and Apex’s track record of bringing commercially viable clean energy projects to market” said Ellen Balfrey, Apex’s senior vice president of finance. “This unique collaboration will create opportunities for all types of energy purchasers who are seeking to decarbonise their operations in the coming years.”
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