Diamond Generating Corp. (DGC) has received a $240 million equity investment in its subsidiary Nexamp from Generate Capital.
Combined with Nexamp's recent $440 million debt financing round, a total funding of $680 million will be used to strengthen the firm’s strategic portfolio and expand its sustainable energy services to more individuals and businesses.
DGC is an independent power producer in the North American power business and a wholly owned subsidiary of Mitsubishi Corp. The company said it is committed to reducing its carbon footprint and contributing to a shift toward a decarbonized society through investments in businesses that facilitate this transition.
