$520M growth equity for community solar platform — supports multi-GW pipeline across US
Nexamp secures $520M — one of the largest community solar capital raises. Led by Manulife Investment Management with Diamond Generating (Mitsubishi) and Generate Capital. Nexamp planning $3.9B investment for 3 GW community solar through 2028.
$520M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Buyer / Financier
- Nexamp
- Deal Value
- $520M
- Stage
- Mixed (Operating + Development)
- ISO/RTO
- Multiple
- Source
- Canary Media
Capital Structure
$520M
Total transaction value
Tranches
- Growth Equity · Manulife Investment Management (lead)
- $520M
Finance Counterparties
Lenders & Capital Providers
- equityInvestor
- Manulife Investment Management; Diamond Generating Corporation; Generate Capital
Related Deals
Nexamp distributed solar + storage portfolio — 39 solar farms + 7 states; 150 MW solar + 37 MWh storage
Nexamp → PGIM Private Capital
$340M ($107M shelf facility included)
Nexamp community solar expansion — $3.9B investment commitment for 3 GW through 2028
Nexamp → Mitsubishi (Diamond Generating Corp)
$3.9B (investment plan)
Nexamp utility-scale solar + BESS expansion — 1+ GWac in MISO/ERCOT/NYISO; advances 6 GW total pipeline
Nexamp → Macquarie Asset Management ($350M for construction); Nomura (development capital, undisclosed)
$350M+ (Macquarie portion)
8point3 Energy Partners — 944 MW solar yieldco of First Solar+SunPower JV
Capital Dynamics
$977M ($12.35/share)
SoCore Energy — 150 MW operating/UC + 170 MW pipeline C&I/distributed solar (20+ states)
ENGIE North America
320 MW
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.