Nexamp & PPC closed $340M refinancing for US solar farms

PGIM Private Capital partnered with Nexamp to close a $340 million debt refinancing for 39 solar farms totalling 150 MW generation and 37 MWh storage across US states.

By Prudhvi Rani 29 Apr 2025 in America Bytes Project Bytes

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The $107 million PPC Shelf Facility has provided Nexamp with flexibility to fund additional solar and storage projects over the next three years. Image Source: Nexamp

US-based Nexamp, a national developer and operator of distributed PV & BESS has closed a $340 million private placement debt refinancing with PGIM Private Capital (PPC). The refinancing covered 39 solar farms across seven states, representing 150 MW of generation and 37 MWh of storage. It included a $107 million PPC Shelf Facility to support additional solar and storage projects over the next three years. Nexamp owned and operated over 1 GW of solar capacity, with additional projects under construction or development. The financing attracted institutional investor interest and provided flexibility for further growth. Recently, Nexamp has made supply agreement with Silfab Solar.

#US #SolarFarms #PGIMPrivateCapital #Nexamp

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