Apex Clean Energy says it has reached an agreement with timberlands proprietor Weyerhaeuser (NYSE: WY) to develop 1,000 megawatts of utility-scale solar and solar-plus-storage projects on Weyerhaeuser property in the southeastern U.S.
“This agreement with Apex is a great step in advancing Weyerhaeuser’s strategic growth in renewable energy development, and it supports our broader commitment to sustainability and providing natural climate solutions across our land base,” said Russell Hagen, senior vice president and chief development officer for Weyerhaeuser.
Weyerhaeuser owns approximately 11 million acres in the U.S.
The agreement with Apex will enable “close coordination and collaboration between the companies to advance potential projects,” Apex said.
Apex will lead on development of the portfolio, which includes projects that could reach commercial operations as early as 2023, creating opportunities for power purchasers to meet their decarbonization goals at scale, the company said.
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