Solar Power Surges: Nexamp, Excelsior Energy, and Origis Energy Lead the Charge
April 11, 2024, 9:31 pm
Location: United States, Massachusetts, Boston
Employees: 201-500
Founded date: 2007
Total raised: $2.05B
Nexamp, Excelsior Energy, and Origis Energy are making waves in the solar industry with significant investments and projects that are propelling the clean energy transition forward.
Nexamp, a community solar company, has secured a whopping $520 million in capital investment to expand its solar development program. This milestone investment, led by Manulife Investment Management, Diamond Generating Corp., and Generate Capital, reflects the surging demand for renewable power in the United States. Nexamp's CEO, Zaid Ashai, emphasized the crucial role of community solar in democratizing access to clean energy solutions for all Americans.
Excelsior Energy Capital has also made a strategic move by entering a multiyear supply agreement with Heliene Inc. to acquire 2 GW of photovoltaic modules. This partnership not only derisks the supply of PV modules for Excelsior's projects but also supports the growth of American clean energy jobs and manufacturing capacity. The majority of the PV modules will be produced in the United States, reducing supply chain risks and promoting local manufacturing.
Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar plus battery storage projects in New Mexico and Mississippi. These projects, including the Escalante Solar plant and the Golden Triangle II project, represent a significant step towards decarbonization and grid resiliency. The tax equity agreement leverages key incentives to support the development of these projects and ensure their success.
The solar industry is experiencing a paradigm shift, with community solar projects gaining traction as a cost-effective and accessible way for residents and businesses to access clean energy. Nexamp's $520 million raise and strategic partnerships with key investors demonstrate the industry's potential for growth and innovation. Excelsior Energy and Origis Energy are also driving progress with their investments in solar projects that will contribute to a more sustainable future.
As the demand for renewable energy continues to rise, companies like Nexamp, Excelsior Energy, and Origis Energy are at the forefront of the clean energy revolution, paving the way for a greener and more sustainable future for all.
Nexamp, a community solar company, has secured a whopping $520 million in capital investment to expand its solar development program. This milestone investment, led by Manulife Investment Management, Diamond Generating Corp., and Generate Capital, reflects the surging demand for renewable power in the United States. Nexamp's CEO, Zaid Ashai, emphasized the crucial role of community solar in democratizing access to clean energy solutions for all Americans.
Excelsior Energy Capital has also made a strategic move by entering a multiyear supply agreement with Heliene Inc. to acquire 2 GW of photovoltaic modules. This partnership not only derisks the supply of PV modules for Excelsior's projects but also supports the growth of American clean energy jobs and manufacturing capacity. The majority of the PV modules will be produced in the United States, reducing supply chain risks and promoting local manufacturing.
Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar plus battery storage projects in New Mexico and Mississippi. These projects, including the Escalante Solar plant and the Golden Triangle II project, represent a significant step towards decarbonization and grid resiliency. The tax equity agreement leverages key incentives to support the development of these projects and ensure their success.
The solar industry is experiencing a paradigm shift, with community solar projects gaining traction as a cost-effective and accessible way for residents and businesses to access clean energy. Nexamp's $520 million raise and strategic partnerships with key investors demonstrate the industry's potential for growth and innovation. Excelsior Energy and Origis Energy are also driving progress with their investments in solar projects that will contribute to a more sustainable future.
As the demand for renewable energy continues to rise, companies like Nexamp, Excelsior Energy, and Origis Energy are at the forefront of the clean energy revolution, paving the way for a greener and more sustainable future for all.