From: Mercom India
Nexamp, a developer of solar and battery storage projects, has secured a $200 million credit facility from Nuveen Energy Infrastructure Credit, acting as the sole lender.
The facility is structured as a delayed draw term loan, with an initial commitment of $125 million and an option to access an additional $75 million.
The proceeds will be used to accelerate the deployment of Nexamp’s solar projects and expand its customer base amid rising electricity demand.
The financing is also expected to help the company bring more projects from its development pipeline into operation and increase access to community solar for customers.
“This financing reflects our confidence in Nexamp’s experienced leadership team and their proven track record of developing and operating a large and geographically diverse portfolio of solar projects,” said Don Dimitrievich, Head of Nuveen EIC. “Nexamp is a market leader in distributed generation and community solar, with de-risked cash flows, and the operational depth to execute through evolving market and policy conditions. We are excited to help Nexamp continue to grow and build on its leading position.”
Nexamp develops, owns, and operates distributed solar and energy storage projects, with a focus on community solar programs. The company has more than 300 operating energy projects across the United States and maintains a multi-gigawatt development pipeline.
The company serves a diversified mix of anchor customers and community solar subscribers, with revenues underpinned by long-term contracts with investment-grade offtakers alongside residential and small commercial customers.
In 2025, the company secured $350 million in financing from Macquarie Asset Management to support the construction of its utility-scale solar and battery storage projects. The funds will help advance a significant portion of its 6 GW project pipeline, which has been under development since Nexamp’s expansion into the utility-scale segment in 2021.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, announced debt financing came to $16.1 billion in 2025, 14% lower compared to $18.8 billion in 2024. Securitization deals totaled $3.4 billion across nine deals.
