Participated · Equity · Apr 2024

Nexamp develops and operates community solar and battery storage projects, owning a portfolio of 20 operating community solar sites across New York, Illinois, Maine, and Massachusetts. The company has been financing growth through structured debt facilities, most recently a $106 million five‑year financing and a $200 million credit facility in April 2026, and previously a $330 million round involving MUFG and Siemens Financial Services. Nexamp uses cash flows from operating assets to recycle capital into new project development and to expand its customer base. Its stated plan after the latest financing is to reinvest freed‑up capital into additional community solar projects. The company emphasizes providing cost savings to households, small businesses, and municipalities as it scales its community solar footprint.