Revolutionizing the Future of Energy
Summary
The infusion cements Nexamps position as a leading clean energy and decarbonization solutions provider as it enters a new phase of growthNexamp, a leading independent renewable energy provider and the nations largest community solar developer and owner, announced today that it has secured $520 million in a capital raise led by Manulife Investment Management, alongside existing investors Diamond Generating Corporation and Generate Capital. The company will leverage the investment to expedite deployment of its national project pipeline, accelerate expansion and developer partnerships in new and existing markets, and fuel the continued growth of its generation and consumer-driven offerings.The scale of the investment reflects the immense surge in demand for renewable power across the country and a growing appreciation within the investor community of the essential need to balance utility-scale infrastructure with reliable distributed power solutions in navigating the clean energy transition. Community solar has emerged as the industrys fastest-growing segment and this investment firmly recognizes Nexamps leading position in the rapidly maturing market sector. This unprecedented investment reflects swelling confidence in the ability of independent renewable energy providers to reimagine outmoded infrastructure and reshape our grid. We are proud to support the Nexamp team in their efforts to further expand their community reach and execute on their growth plans for a cleaner future.The infrastructure transition relies on the rapid deployment of proven technology solutions and Generate is proud of its track record in cultivating and investing in the companies that are developing, building, and operating clean energy projects at scale, said Generate Capital CEO and Co-Founder Scott Jacobs.