Apollo invests in US offshore wind developer

14 August 2020 - 12:00 am UTC

Apollo Global Management has agreed to make a USD 265m investment in US Wind, a Baltimore-based offshore wind developer subsidiary of Italian infrastructure company Toto Holding Group.

In the deal, Apollo is making a USD 100m equity investment to acquire a minority stake in US Wind, and is also providing USD 165m in debt financing via a five-year note, an industry source told SparkSpread.

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Apollo invests in US offshore wind developer

Apollo Global Management has agreed to make a USD 265m investment in US Wind, a Baltimore-based offshore wind developer subsidiary of Italian infrastructure company Toto Holding Group.