Great Bay Renewables Announces Acquisition of $18 Million Royalty on Operating Wind Project

Portsmouth, NH (December 20, 2022) – Great Bay Renewables (“Great Bay”) today announced it has entered into an agreement to acquire an existing royalty agreement (the “Royalty”) on a portion of an operating wind project (the “Project”) from Apex Clean Energy (“Apex”) for $18 million, subject to standard working capital and other adjustments. The Project is an approximately 1 GW wind project located in Hansford County, Texas owned and operated by a top-tier renewables owner-operator.

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