
Apricus Generation Secures $30M Development Financing Facility with AUB
Apricus Generation, a holding company dedicated to creating a solar and battery development and Independent Power Producer (IPP) platform, has revealed the creation of a new $30 million revolving credit facility with Atlantic Union Bank (AUB).
This collaboration marks a key milestone in Apricus Generation’s growth journey, building on the momentum from its successful Series A funding round in September of 2024. The company stated at the time that it is “over-committed” towards its $100 million goal.
“This facility provides us with additional financial flexibility to advance our development pipeline more efficiently and support our expanding portfolio of solar and battery storage projects,” said Gautam Chandra, executive chairman and co-founder of Apricus Generation.
The financing facility arrives during a period of strong momentum for Apricus Generation, which recently secured a majority stake in Nexus Renewables, Inc., a Toronto-based company developing solar and energy storage projects in the US.
