Apollo and Bullrock Energy Ventures have formed a joint venture to invest up to $220 million in community solar assets across New York and New England.

Information on the Target

Bullrock Energy Ventures is a rapidly expanding renewable energy company headquartered in Vermont, operating extensively across the Northeastern United States. With a vertically integrated business model that encompasses deal sourcing, underwriting, development, construction, financing, and asset management, Bullrock has established itself as a key player in the renewable energy sector. Under the leadership of Chairman and Founder Gregg Beldock and in collaboration with partner company NxtGenREA, led by Mike Mills, Bullrock has successfully developed nearly 500 MW of solar projects throughout New England, New York, and the Midwest over the past decade. These initiatives enable local communities and businesses to access affordable clean energy solutions.

The recent joint venture partnership with Apollo marks a significant milestone for Bullrock, as it secures a commitment of up to $220 million to further develop its portfolio of community solar assets. This financial backing not only supports the pipeline of renewable energy projects but also emphasizes the importance of community solar as an innovative approach to enhance local access to clean energy.

Industry Overview in the Target's Country

The renewable energy industry in the United States has experienced impressive growth in recent years, primarily driven by a concerted effort to transition away from fossil fuels towards more sustainable energy sources. This shift has been supported by fa