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
A $520M investment led by Manulife fuels Nexamp’s solar expansion. (Image Credit: Nexamp)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)