- Nexamp has secured $680m to accelerate clean energy services provision.
- The company raised $240m via equity investment and $440m from debt financing.
The US distributed solar and storage developer Nexamp says that it has secured $680 million to help accelerate growth and expand its portfolio of clean energy solutions. Of these funds. Nexamp received $240million via equity investment in a series round led by sustainable infrastructure company Generate Capital Inc. The company had earlier raised $440 million in debt financing.
Nexamp says that the funds will enable it to provide various decarbonisation options for businesses and consumers. Nexamp currently provides clean energy access to about 40,000 customers across 10 American states. The company has a portfolio that contains almost 1GW of solar and energy storage facilities in operation and under construction. Nexamp recently signed an agreement with Walmart to provide the retail company with clean energy from 23 New York community solar farms.