APR Renewables Secures Investment to Accelerate Growth
Summary
This funding will propel APRs expansion into states that are set to significantly benefit from the recently passed United States Inflation Recovery Act of 2022 (IRA Act).APR develops, builds, and operates large commercial and utility-scale solar and energy storage assets that provide clean green energy to multi-national companies, electrical utilities, industrial and warehousing, data centers, communities, and government entities. APR is led by an executive team of renewable energy, corporate finance and investment banking veterans.For nearly 14 years, APRs executive team has successfully implemented its mission of building green assets that provide the energy needs for the worlds leading companies and brands. We are pleased to announce the expansion of our business offerings and services into new markets with the strategic investment from Jacobson Partners, said AJ Javan, Founder of APR Renewables.Jacobson Partners enthusiastically supports APR Renewables management team at this opportune time for the solar industry, said Benjamin Jacobson, Founder and Managing General Partner of Jacobson Partners.The $391 billion IRA Act of 2022 constitutes the largest investment by the United States in energy and climate change to date. APR Renewables supplies its customers with green energy through flexible power purchase agreements (PPAs) and virtual power purchase agreements (VPPAs), tailored to meet their individual needs. For nearly 14 years, APR Renewables executive team has successfully implemented the mission of building green assets that provide the energy needs for the worlds leading companies and brands.Jacobson Partners is a private equity firm that invests up to $250 million in growth and operating companies.