Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures | APO Stock News

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Apr 23, 2025
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  • Apollo Funds commits up to $220 million for a community solar venture with Bullrock Energy Ventures.
  • The $100 million will fund Bullrock's 500 MW pipeline of renewable assets.
  • Apollo has invested approximately $58 billion in climate-related projects over the last five years.

Apollo Global Management, Inc. (APO, Financial) has announced a strategic joint venture with Bullrock Energy Ventures to invest up to $220 million in community solar projects in New York and New England. The partnership aims to boost local access to clean energy, benefiting households, businesses, and communities.

The investment includes $100 million allocated to developing Bullrock's nearly 500 MW pipeline of renewable energy assets. Bullrock, a Vermont-based company led by Chairman Gregg Beldock, has developed solar projects across New England, New York, and the Midwest, offering integrated services that span development, construction, financing, and asset management.

Through this partnership, Apollo continues its commitment to the energy transition, having allocated approximately $58 billion over the past five years to climate-related investments. This joint venture with Bullrock underscores Apollo's dedication to expanding its footprint in the renewable energy sector, creating sustainable infrastructure, and supporting local economies.

Bullrock's vertically integrated model, combined with Apollo's capital and strategic support, promises to enhance energy security while offering more affordable and reliable clean energy solutions to the communities involved. This initiative aligns with Apollo's broader climate investment strategy, emphasizing the firm’s innovative approach to sustainable economic growth.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.