Apollo Funds to invest in offshore wind farm in New York

Apollo Global Management, Inc. and Arthur Kill Terminal LLC (AKT) have signed a deal for exclusive rights to invest in the Arthur Kill Terminal project, a large offshore wind energy staging and assembly facility under construction on Staten Island, New York. Atlantic Offshore Terminals, located in New York, will lead the development of the Arthur Kill Terminal. AKT is expected to start operations in late 2025.

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