Nexamp has captured more than $400 million in tax equity and debt commitments in a funding round led by U.S. Bancorp Impact Finance and Mitsubishi UFJ Finance Group (MUFG).
The financing will support the creation of 49 community solar and battery-storage projects in six states, spanning the Northeast, Mid-Atlantic and Midwest. The projects, which have a total generating capacity of nearly 250 megawatts and can power up to 40,000 households, are sited in predominantly rural communities in Maine, Maryland, Massachusetts, New York, Minnesota and Illinois.
“In order for the U.S. to overcome its reliance on fossil fuels and an outdated power grid, we must invest in affordable and sustainable clean-energy solutions that are accessible to all Americans, no matter where they live,” said Zaid Ashai, CEO of Nexamp. “Nexamp is expanding its reach to meet the critical needs of communities, especially those that are historically underserved, ensuring they’re represented in
