Apex Clean Energy — Energy Portfolio Analysis

Apex Clean Energy currently operates a highly concentrated portfolio, consisting of a single solar plant located entirely within North Carolina.

Geographic Footprint: North Carolina Concentration

• Apex Clean Energy's operational portfolio is entirely concentrated in North Carolina, with 1 plant accounting for 29 MW.

• The Apex NC Solar plant in North Carolina represents 100% of the entity's current operational capacity.

Fuel Mix: Solely Solar

• The entire operational portfolio of Apex Clean Energy consists exclusively of solar technology, with 1 plant totaling 29 MW.

• There is no diversification across other fuel types within their current operational assets.

Apex Clean Energy's recent news signals indicate a strategic expansion into battery storage through partnerships, alongside emerging regulatory challenges impacting its solar projects.

Commitment Signals: Strategic Expansion

• Ingka Investments partnered with Apex Clean Energy on its first battery storage project worldwide, signaling Apex's strategic move into energy storage through a significant acquisition and partnership recorded on September 6, 2023.

Constraint Signals: Permitting Challenges

• The Riverstone Solar project, associated with Apex Clean Energy, is facing potential penalties due to a permit appeal as of September 17, 2025, indicating ongoing regulatory hurdles in project development.

Interconnection Queue Analysis

• Apex Clean Energy currently has no active projects in the interconnection queue. This indicates a focus on existing assets or alternative development strategies rather than new pipeline additions via interconnection queues at this time.

The absence of active projects in the interconnection queue suggests that Apex Clean Energy is not pursuing new generation development through this channel, potentially prioritizing other growth avenues such as acquisitions or repowering existing facilities.