Apricus Generation, a holding company focused on building a national distributed solar and battery development platform, has announced its acquisition of a controlling interest in Nexus Renewables, a developer of community solar and BESS renewable energy projects and Independent Power Producer (IPP). This acquisition marks Apricus’ first since its launch earlier this year.
Apricus Generation’s platform empowers consumers and businesses to participate in the energy transition by providing developers with management expertise and capital to advance their project pipeline to generation. Nexus Renewables, led by CEO Keith Hughes, has established a leading development and IPP platform. Combined with Apricus’ capital and management expertise, this partnership will create one of the leading IPP platforms in the industry.
‘We are thrilled to welcome Nexus Renewables as the first developer to join our platform,’ said John Ware, Executive Chairman and Co-Founder of Apricus Generation. ‘Keith and the Nexus team have built a significant pipeline and are among the top community solar and storage developers in California. By joining Apricus, they now have access to the capital and expertise they need to execute on their pipeline.’
Keith Hughes, founder and CEO of Nexus Renewables, expressed his excitement about the partnership. ‘This is a perfect fit for us,’ he said. ‘We are eager to join forces with Apricus Generation and build a leading IPP in Community Solar and BESS segments. Nexus Renewables has a proven development and IPP model with a substantial pipeline and a team of professionals ready to expand rapidly and efficiently to capture the market opportunity.’
Apricus Generation’s CEO and Co-Founder, Matt Handel, praised Nexus Renewables’ track record. ‘I’ve worked with Keith in the energy industry for almost two decades and have been impressed with how Nexus Renewables has quickly become a leader in the sector,’ he said. ‘I couldn’t be happier that Nexus is joining the Apricus platform as our first acquisition. With this strategic partnership, we are committed to building the leading platform to bring renewable energy to consumers.’
Apricus Generation’s mission is to enable consumers and businesses to participate in the energy transition by providing developers with the resources they need to advance their project pipeline to generation. The company combines the decades-long proven track record of its founders in clean energy development and investment to create a powerful platform for the renewable energy industry.
Nexus Renewables is a full-service renewable energy developer and independent power producer with a current portfolio of over 500MW of North American solar and energy storage projects in various stages of construction and development. Its projects provide clean energy and widespread economic and environmental benefits for landowners, communities, and energy customers.
