Mitsubishi Corporation to buy ‘near majority’ stake in Nexamp

Facebook
Twitter
LinkedIn
Reddit
Email
Mitsubishi subsidiary Rising Sun will now work with Nexamp to develop distributed generation solar projects across the US. Credit: Nexamp

Japanese firm Mitsubishi Corporation has agreed to buy a “near majority” stake in Boston-based solar firm Nexamp.

The trasnaction will be undertaken by Power firm Diamond Generating Corporation (DGC), a Mitsubishi subsidiary. DGC’s distributed generation subsidiary Rising Sun will now work with Nexamp to develop distributed generation solar projects across the US.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Satoshi Hamada, chief executive of DGC, said: “We are pleased to execute this transaction with Nexamp. Solar is one of America's fastest growing sources of new power generation and we intend to take a leadership position in the sector alongside our Nexamp team, which we consider among the very best in the industry.”

A mitsubishi statement said: “The low price of solar panels, coupled with incentives implemented by the federal and state governments, has also given rise to the proliferation of small-sized distributed solar power systems installed on the rooftops of homes and commercial buildings or on idle land.”

Read Next

June 27, 2025
Japanese power company Jera has formed a joint venture (JV), MUJI Energy, with Japanese retailer Ryohin Keikaku to develop solar PV projects.
May 20, 2025
Third-party ownership (TPO) of non-residential projects in the US has led commercial and industrial (C&I) and community solar financing in 2024.
May 7, 2025
The Scarlet II Solar Energy Park currently features 200MW of solar capacity paired with a 40MW/160MWh BESS.
April 29, 2025
Developer Nexamp has closed a US$340 million debt refinancing for a portfolio of distributed solar and energy storage projects in the US.
March 28, 2025
Toyo Solar plans to double its annual solar PV cell production capacity in Ethiopia, East Africa.
February 14, 2025
Nozomi Energy has appointed Shizen Operations, a subsidiary of the Shizen Energy Group, to manage a 312MW solar portfolio in Japan.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK