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)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)