Apollo and Bullrock Energy Launch $220 Million Community Solar Joint Venture

Apollo Global Management and Bullrock Energy Ventures announced a joint venture backed by a $220 million commitment from Apollo-managed funds. This investment will support nearly 500 megawatts (MW) of community solar projects across New York and New England.

**Key Highlights:**

- Apollo is contributing $100 million in equity to develop Bullrock's renewable energy pipeline.
- Bullrock operates a vertically integrated renewables platform, managing the full cycle from development to asset management.
- The collaboration will focus on expanding access to affordable, clean energy for local residents and businesses.
- The projects aim to lower energy costs, enhance grid reliability, and boost local economic development.

Apollo Partner Corinne Still emphasized the partnership's role in expanding clean power access and supporting energy transition goals. Bullrock’s leadership, Gregg and Amory Beldock, noted the strategic value of combining Bullrock’s infrastructure expertise with Apollo’s capital and platform reach.

Apollo has committed or arranged around $58 billion for climate-related investments over the past five years and targets more than $100 billion in sustainable investments by 2030 under its Climate and Transition Investment Framework (CTIF).