nexamp

Nexamp has secured US$600 million in financing for distributed solar and energy storage projects in the US.

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. 

Third-party ownership (TPO) of non-residential projects in the US has led commercial and industrial (C&I) and community solar financing in 2024.

The Scarlet II Solar Energy Park currently features 200MW of solar capacity paired with a 40MW/160MWh BESS.

Developer Nexamp has closed a US$340 million debt refinancing for a portfolio of distributed solar and energy storage projects in the US.

Global solar corporate financing has decreased 24% in 2024, compared to the previous year, with US$26.3 billion, according to market research firm Mercom Capital Group.

The sites are expected to generate over 120MW of solar power, Nexamp said, across the states of Maine, Massachusetts, New York, Illinois and Minnesota.

US developer Nexamp has partnered with coffee maker Starbucks to build 40MW of community solar projects in the US state of Illinois.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

US community solar developer Nexamp has raised US$520 million to expand its operations into new markets and execute its existing project pipeline.