Apollo-managed funds have agreed to acquire Eagle Creek Renewable Energy, a leading operator of hydroelectric facilities, to enhance their investments in sustainable infrastructure amidst growing energy demands.

Target Information

Apollo (NYSE: APO) announced on October 6, 2025, that its managed funds have entered into an agreement to acquire Eagle Creek Renewable Energy. Eagle Creek is recognized as a leading independent owner and operator of hydroelectric facilities throughout the United States. While financial details of the acquisition have not been disclosed, this agreement marks a significant move in the renewable energy sector.

Eagle Creek operates 85 hydroelectric facilities across 18 states, contributing renewable energy to meet the increasing power demands driven by data center infrastructure and a broader Industrial Renaissance within the U.S. With a portfolio generating nearly 700 MW, it stands as one of the most extensive and diverse independent hydro platforms in the nation, providing enough electricity to power over 260,000 households.

Industry Overview

The renewable energy sector in the United States has been experiencing rapid growth, spurred on by technological advancements, regulatory support, and increasing demand for sustainable energy solutions. Hydropower stands out as a crucial segment