Nexamp receives financing of $440 million for solar and battery storage

Nexamp, a community solar provider in the US, has finalised a $440 million debt financing for a solar and energy storage portfolio with a cumulative capacity of 380 MW. The portfolio is spread across five states in the US, and consists of about 100 community solar projects and energy storage projects aggregating 120 MWh. Multiple lenders participated in the syndicated financing arranged by MUFG Union Bank, which served as the coordinating lead arranger.

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