(Source: Shutterstock/ Apricus Generation/ Nexus Renewables)
Florida-based Apricus Generation has acquired a controlling interest in Nexus Renewables, a solar and energy storage developer, according to a May 29 news release.
Nexus, which has a pipeline of about 500 megawatts of solar and energy storage projects in North America, is Apricus’ first strategic acquisition. The holding company launched earlier this year.
“As with many independent developers, Nexus has more project opportunities than access to capital,” said Gautam Chandra, executive chairman and co-founder of Apricus Generation. “By joining Apricus, they now have access to capital and expertise that will allow them to execute on their pipeline.”
Nexus Renewables is based in Toronto, Ontario.
Recommended Reading
McKinsey: Big GHG Mitigation Opportunities for Upstream Sector
2024-11-22 - Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-11-22 - The oil and gas rig count fell by one to 583 in the week to Nov. 22, the lowest since early September. Baker Hughes said that puts the total rig count down 39, or 6% below this time last year.
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
2024-11-20 - Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.