Image: TheOtherKev, Pixabay
Apricus Generation says it has acquired a controlling curiosity in Nexus Renewables, a Toronto-based developer of photo voltaic and vitality storage initiatives and impartial energy producer (IPP).
Florida-based Apricus Generation mentioned the Nexus Renewables deal is its first strategic acquisition because it launched earlier this 12 months. It didn’t present any additional particulars in regards to the monetary phrases of the transaction.
The new enterprise goals to leverage Nexus Renewables’ IPP platform and market place, whereas offering help and capital. The corporations will work collectively to develop Nexus Renewables’ challenge portfolio, which reportedly exceeds 500 MW.
“With this strategic partnership, we’re dedicated to constructing the main developer-focused IPP platform to carry renewable vitality to customers,” mentioned Apricus Generation CEO Ravi Thuraisingham.
The Apricus Generation platform gives purchasers with information, capital, and challenge administration experience to assist them broaden into the clear vitality sector.
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