Industry Veterans Launch Apricus Generation to Build National Distributed Solar and Battery Development Platform
Summary
Apricus Generations Platform Provides Developers with Management Expertise and Capital to Advance their Project Pipeline to GenerationMIAMI, April 11, 2024 /PRNewswire/ -- Industry veterans have launched a new holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP). "Lack of access to early-stage projects is one of the key bottlenecks impeding solar and battery storage deployment from reaching their full potential. Through partnering with developers and bringing strategic financing capability across the capital stack, the Apricus model fills this gap. "Apricus Generations initial funding will be used to acquire developers, partner with them, and provide strategic management expertise to advance projects through construction, financing, and operation of solar and battery energy systems. The company leverages its founders decades of experience in renewable energy, project financing and tax equity structuring, and retail and wholesale energy management to help its developer partners achieve efficient financing and operations of solar and battery storage assets.Apricus Generation, Inc. is a new holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP).