Nexamp, a major renewable energy provider, has secured $520 million in funding, led by Manulife Investment Management, alongside Diamond Generating Corporation and Generate Capital. The funding will expedite project deployment, expand partnerships, and fuel growth in generation and consumer offerings. The investment reflects Nexamp’s prominence in the rapidly growing community solar sector. Nexamp says that it has expanded its operations fueled by market demand and the Inflation Reduction Act. It claims that it serves nearly 80,000 customers, with 1.5 GW of capacity. With projects across 20 markets, Nexamp aims to power over 1 million customers in the future.
Nexamp gains $520M investment for solar expansion
