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)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)