“For Apollo, this is an exciting partnership that leverages our track record in renewable energy infrastructure investments and underlines the Firm’s strong commitment to sustainability,” he added.
On the other hand, US Wind President Riccardo Toto, said, “We believe our strategic partnership with Apollo will create significant value for US Wind and the state of Maryland in advancing the development of our offshore wind projects. Apollo is a creative and dynamic partner, with global expertise, and together we believe we can make a positive impact on the energy transition in the United States.”
Renexia SpA is the majority owner of US Wind and it is a leader in renewable energy development in Italy. It is a subsidiary of Toto Holding Group, which has more than 40 years of experience specializing in large infrastructure construction projects, rail transportation, and aviation.
The Bureau of Ocean Energy Management (BOEM) award US Wind with two leases covering more than 85,000 acres offshore of Ocean City, Maryland.
