Nexamp secures $520m in capital raise led by Manulife
Fundraising - APRIL 17, 2024

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Nexamp secures $520m in capital raise led by Manulife

by Kali Persall

Nexamp, an independent renewable-energy provider and the nation's largest community solar developer and owner, has secured $520 million in a capital raise led by Manulife Investment Management, alongside existing investors Diamond Generating Corp. and Generate Capital.

Nexamp oversees every facet of the solar asset lifecycle — from development and engineering to operations and customer acquisition and engagement. The company plans to 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.

Community solar has emerged as the industry's fastest-growing segment, and Nexamp said this investment recognizes its leading position in the rapidly maturing market sector.

“This landmark financing comes at a pivotal moment in the evolution of America’s energy economy and underscores the indis

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