Apollo Funds to Acquire 700 MW Hydropower Company Eagle Creek Renewable Energy
Apollo-managed funds will acquire Eagle Creek Renewable Energy, an independent US hydropower operator with 85 facilities across 18 states and a 700 MW portfolio.
October 13, 2025. By Mrinmoy Dey
Eagle Creek owns and operates 85 hydroelectric facilities across 18 states, providing renewable power to support rapidly growing energy demand from data center infrastructure. Hydropower is differentiated as a low carbon reliable energy source with baseload capabilities. The company’s nearly 700 MW portfolio makes it one of the largest and most diversified independent hydro platforms in the country, and its facilities produce enough electricity to power over 260,000 homes.
Commenting on the development, Joseph Romeo, Partner at Apollo said, “The Eagle Creek team have built one of the leading independent hydro portfolios in the US, with a strong safety and performance track record and a diversified footprint. We see significant opportunity to support the business in its next phase – further expanding the platform and providing reliable, clean power generation to meet the growth in demand.”
Neal Simmons, Chief Executive Officer of Eagle Creek remarked, “We’re incredibly proud of the platform our team has built to date, providing clean, reliable power to communities, utilities and businesses across the US. With the Apollo team’s support, we look forward to building on that foundation, strengthening our operations and finding new ways to serve the growing needs of our customers.”
Since 2022, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately USD 59 billion of energy transition-related investments, supporting companies and projects across energy, infrastructure and industrial sectors.
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