Apollo Commits $220 Million to Community Solar Venture with Bullrock Energy Ventures
- $220M Investment: Apollo Funds commit up to $220 million to expand Bullrock Energy’s 500 MW community solar pipeline.
- Clean Energy Expansion: The partnership targets affordable clean power access across New York and New England.
- Strategic Growth Platform: Combines Apollo’s capital with Bullrock’s vertically integrated renewables model to scale U.S. solar deployment.
Apollo-managed funds have committed up to $220 million in a joint venture with Bullrock Energy Ventures, targeting a significant expansion of community solar projects across New York and New England. This includes a $100 million equity investment to advance Bullrock’s nearly 500 MW renewable energy pipeline.
“We are excited to partner with Gregg and the Bullrock team and invest in this scaled portfolio of solar assets that we believe will offer significant benefits to their surrounding communities,” said Corinne Still, Partner at Apollo.
Vermont-based Bullrock Energy has a decade-long track record of solar development across the Northeast and Midwest, backed by a fully integrated model spanning deal sourcing, development, construction, financing, and asset management. The company, led by Chairman Gregg Beldock and supported by NxtGenREA, delivers clean energy solutions to local residents and businesses, aiming to lower costs and improve grid resiliency.
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“Community solar lowers energy costs, improves grid resiliency and boosts local economies,” said Gregg and Amory Beldock of Bullrock.
“Our partnership with Apollo enhances a leading vertically integrated renewables platform working to meet the growing demand for power while reinforcing American energy security.”
Apollo’s move reflects its broader strategic commitment to the energy transition. Over the last five years, Apollo-managed entities have channeled approximately $58 billion into climate and energy transition-related investments.
“Community solar represents an innovative solution to expanding local access to clean, efficient power across the energy grid,” Still added.
“This partnership underscores Apollo’s commitment to serving as a leading capital provider supporting the energy transition.”
The venture is positioned to accelerate community solar access while reinforcing U.S. energy infrastructure and resilience.
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