Nexamp has closed a three-year $330 million construction warehouse facility (CWF) with a consortium of financial institutions to support the development, construction, and financing of around 20 distributed generation assets across US. The CWF provides flexible construction capital for Nexamp’s upcoming solar and battery energy storage projects, which will later transition into long-term funding arrangements such as tax equity investments or refinancing.
MUFG contributed $200 million as the largest lender in the CWF and acted as the mandated lead arranger and administrative agent. ING provided $100 million, taking on roles as mandated lead arranger, lender, hedge provider, and green loan structuring agent. Siemens Financial Services has committed $30 million as joint lead arranger, while U.S. Bank National Association will serve as the collateral agent.
In September 2025, Nexamp secured $350 million in financing from Macquarie Asset Management to finance the construction of its first utility-scale solar and battery storage projects in US. Additionally, in a separate transaction, it raised development capital from Nomura to support early-stage development of projects and strengthen its national utility-scale project pipeline.
REGlobal’s Views: Solar power with battery storage continues to be sought after projects for investors despite the recent policy developments in the United States. These recent fundraising rounds by Nexamp indicate a strong investor sentiment regarding distributed renewable energy projects especially as the country’s energy demand is increasing at an unprecedented scale led by data center growth.
