Apollo-managed funds have reached an agreement to acquire Eagle Creek Renewable Energy, an independent owner and operator of hydroelectric power facilities across US. Eagle Creek owns and operates 85 hydroelectric plants located in 18 US states, supplying renewable electricity to meet the rising energy demand from industrial activity and data center expansion. The company’s portfolio, with a total installed capacity of nearly 700 MW, generates enough electricity to supply approximately 260,000 homes.
Reportedly, financial terms for the transaction were not disclosed. BMO Capital Markets acted as financial advisor, while Vinson & Elkins served as legal counsel to Apollo-managed funds for the transaction. Furthermore, the transaction is subject to customary closing requirements, including regulatory clearances, and is expected to conclude in the first quarter of 2026.
In September 2025, Apollo-managed funds and affiliates agreed to provide €3.2 billion in equity for a new joint venture with RWE, which will hold and finance RWE’s 25.1 per cent stake in Amprion, a transmission system operator covering seven German federal states. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary conditions.
