Picture: TheOtherKev, Pixabay
Apricus Era mentioned it has acquired a controlling curiosity in Nexus Renewables, a Canadian photo voltaic and storage developer and impartial energy producer (IPP).
Florida-based Apricus Era mentioned the cope with Nexus Renewables is its first strategic acquisition because it launched earlier this 12 months. It didn’t present any extra particulars concerning the monetary phrases of the transaction.
The enterprise goals to leverage Nexus Renewables’ IPP platform and market standing, whereas offering assist and capital. The businesses will collaborate to advance Nexus Renewables’ mission portfolio, which reportedly exceeds 500 MW.
“With this strategic partnership, we’re dedicated to constructing the main developer-focused IPP platform to deliver renewable power to the customers,” mentioned Apricus Era CEO Ravi Thuraisingham.
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