Nexamp secures US$350 million financing from Macquarie

September 17, 2025
Facebook
Twitter
LinkedIn
Reddit
Email
The funds will be used to expand its 6GW utility-scale solar and battery storage pipeline in the US. Image: Nexamp.

Solar developer Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 

According to the firm, the funds will be used to construct solar and battery energy storage system (BESS) projects in the country. The financial facility was secured in partnership with the credit and insurance division of Australian investment bank Macquarie Asset Management (MAM).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Given rising electricity demand and the need for reliable, low-cost and homegrown power, we are seeing significant need for utility-scale solar and battery storage projects,” said Matthew Sweeney, managing director at MAM.  

“By enabling Nexamp to advance its 6GW utility-scale pipeline, this transaction positions the company to capitalise on the growing market demand and deliver sustainable, clean energy solutions at scale.” 

Boston, Massachusetts-based Nexamp expanded into the utility-scale solar sector in 2021. The company currently has over 1GW of solar power capacity operational or under development in the US and aims to support capex requirements for the construction of its 6GW utility-scale project pipeline.

Recently, Nexamp partnered with US tech giant Microsoft to develop around 100 distributed solar projects across the country, adding approximately 300MW of clean energy capacity. 

Additionally, the company closed a US$340 million private placement debt refinancing for a portfolio of distributed solar and energy storage projects in the US in April 2025. The portfolio included 39 solar farms across seven US states with a combined 150MW of solar PV capacity, while the energy storage portfolio consists of 37MWh capacity. The funds will be used over the next three years to support solar PV and storage projects across several US states. 

PV Tech publisher Solar Media will host the 12th edition of the Solar & Storage Finance USA event on 21-22 October 2025 in New York. Panellists will discuss the fate of US solar and storage in a post-subsidy world, the evolving economics of standalone BESS and de-risking solar and storage supply chains. Book your tickets for the event on the official website.

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2028 and beyond.
13 October 2026
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 13-14 October 2026 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023, 2024 and 2025 were a sell out success and 2026 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

March 25, 2026
EDP Renewables North America, Linea Energy and LRE have all advanced solar projects in the US Midwest this week.
March 25, 2026
Spanish independent power producer (IPP) Zelestra has secured US$600 million in green financing for two solar PV projects totalling 440MW in Texas.
March 25, 2026
Indian solar PV manufacturer Waaree Energies is developing a INR39 billion (US$415 million) solar glass manufacturing facility in India.
March 25, 2026
Ceigall signs two PPAs worth US$145 million; Adani Green Energy commissions 510.1MW of renewable energy capacity at its Khavda site; Coal India extends a corporate guarantee for a 875MW solar project in Rajasthan.
March 25, 2026
Utility-scale solar PV and wind accounted for 17% of the US’ total electricity generation in 2025, according to the EIA.
March 25, 2026
Drawing on multiple field inspections, James Whittmore of Enertis Applus+ discusses some of the common problems emerging in the run-up to the US’s July project safe harbour deadline.

Upcoming Events

Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland