Apollo, a New York-based global alternative asset manager, through certain Apollo-managed funds, have purchased approximately $200 million of senior secured notes of WEC Infrastructure Wind Holding II LLC in a private placement.
Wind Holding, a wholly-owned subsidiary of WEC Energy Group, owns the Tatanka Ridge and Jayhawk wind farms, which together provide 340 megawatts of renewable power generation. Wind Holding’s projects support WEC Energy Group’s environmental goal of building a sustainable future that is affordable, reliable and clean. The investment looks to underscore Apollo’s focus on driving a sustainable future, including by funding renewable and energy transition assets and companies.
“This high-quality investment supports significant renewable wind energy generation, and we expect to continue growing our relationship with WEC’s clean energy affiliates,” says Shawn Robinson, partner and co-head of private fixed income at Apollo.
MUFG served as financial advisor to WEC Energy Group on the transaction.