Financing enables more than 120 megawatts of new energy generation for the grid

Nexamp, a leader in distributed solar and energy storage solutions, announced today the closing of a three-year, $330 million Construction Warehouse Facility (CWF) with a consortium of leading financial institutions. The financing will enable Nexamp to develop, construct, and finance a revolving portfolio of approximately 20 new distributed generation assets, advancing the company’s mission to address increased energy demand with reliable, affordable domestic resources.

The CWF provides flexible construction capital to support Nexamp’s near-term pipeline of solar and energy storage projects. Once completed, these assets are expected to transition into long-term financing structures, including tax equity funding or refinancing, ensuring sustainable growth and deployment of renewable energy infrastructure nationwide.

MUFG committed $200 million as the largest lender in the facility, also serving as Mandated Lead Arranger and Administrative Agent. ING followed with a $100 million allocation and additional responsibilities as Mandated Lead Arranger, Lender, Hedge Provider, and Green Loan Structuring Agent. Siemens Financial Services contributed $30 million as Joint Lead Arranger. U.S. Bank National Association acted as Collateral Agent.

Zaid Ashai, CEO of Nexamp, said the transaction marks a pivotal moment in the company’s expansion. “This facility underscores the strong confidence leading financial institutions have in our proven national platform,” Ashai explained. “By securing flexible construction capital, we are better positioned to deliver the clean energy projects that communities across the country urgently need as demand rises. Solar continues to be the most cost-effective and easy-to-deploy source of new electricity, outpacing all other sources by a wide margin already this year.”

The lenders also emphasized the importance of the partnership in advancing the clean energy transition, pointing to both the scale of the facility and the innovative structure that will enable rapid deployment of distributed generation assets across the country. Their perspectives highlight the strength of the collaboration and the role of financial institutions in accelerating decarbonization.

“MUFG is proud to partner with Nexamp on this important financing, which advances our shared commitment to accessible, affordable energy,” said Takaki Sakai, Managing Director, Project Finance, MUFG. “As the largest lender and Administrative Agent, MUFG is pleased to leverage our expertise in structuring innovative solutions to support our clients, enhance energy independence, and meet the growing energy needs of the US.”

“We are proud to support Nexamp with this innovative and sustainable financing solution,” added Filipe Barreto, Director, Renewables and Power, ING Americas. “Putting sustainability at the heart of what we do is a strategic priority, and we are fully committed to enabling the transition to a more resilient, low-carbon future.”

“Siemens Financial Services is proud to support Nexamp’s construction activities and future growth with this financing,” said Jim Fuller, Head of Project Finance, Siemens Financial Services, Inc. “At a time of increasing power demand, these projects will provide local communities with resilient clean energy.”

This transaction underscores the critical role construction warehouse financing plays in accelerating renewable energy deployment, ensuring that projects can be built and brought online quickly and efficiently before transitioning into permanent funding structures.