Nexamp, a US developer of solar and battery storage projects, has secured $350 million from Macquarie Asset Management to fund its first utility-scale projects. The financing is supporting construction of over 1 GW across MISO, ERCOT, and NYISO markets. Nexamp also raised development funds from Nomura for early projects in MISO, NYISO, and PJM. These financings helped Nexamp cover current construction and future growth. Nexamp’s utility-scale pipeline is about 6 GW and has been under development since 2021. The company, previously focused on community solar and commercial distributed generation, is expanding its platform to utility-scale. PEI Global Partners was financial advisor for both transactions, which reinforced Nexamp’s position in the US renewables sector.Earlier, Nexamp completed three pilot solar projects in the US, which served as groundwork for its current utility-scale solar and storage expansion.