Nexamp Secures $340M in Private Placement Debt Refinancing with PGIM Private Capital
Nexamp, a leading developer and operator of distributed solar and energy storage systems based in Boston, MA, has successfully closed a $340M private placement debt refinancing deal with PGIM Private Capital (PPC).
Under the leadership of CEO Zaid Ashai, Nexamp specializes in providing innovative solar and storage solutions, offering services such as project development, design, construction, and operations.
The funds secured through this refinancing will be utilized over the next three years to support various solar and storage projects in multiple states, reinforcing Nexamp’s commitment to introducing new energy sources and creating employment opportunities in communities nationwide.
This financial agreement encompasses a portfolio of 39 solar farms spread across seven states, with a combined capacity of 150 megawatts of solar generation and 37 megawatt-hours of storage.
This strategic partnership between Nexamp and PGIM Private Capital signifies a significant step towards advancing sustainable energy solutions and driving economic growth in diverse regions across the country.
Published by FinSMEs on 28/04/2025
