Macquarie Asset Management has arranged $350 million in long-term financing for Nexamp, Inc. to support the construction of utility-scale solar and battery storage projects in the United States. Nexamp is a significant owner and operator of commercial and industrial solar assets across the country, with recent expansion into large-scale utility projects.
The financing will help Nexamp develop its 6-gigawatt pipeline of utility-scale solar and battery storage initiatives. The company is backed by three equity sponsors and aims to strengthen its role in renewable energy.
Harlan Cherniak, Head of Americas Infrastructure Debt at Macquarie Asset Management, stated: "We are looking forward to the expansion of our partnership with the Nexamp team as they embark on the next chapter of strategic growth. We believe this relationship will allow the team to realize rapid success in the utility-scale energy transition market. Through this $US350 million facility, we will continue to solidify our Credit & Insurance division as a global leader in the infrastructure and asset-based credit market."
Matthew Sweeney, Managing Director at Macquarie Asset Management, said: "Given rising electricity demand and the need for reliable, low-cost, and homegrown power, we are seeing significant need for utility-scale solar and battery storage projects. This transaction features a highly bespoke structure that delivers Nexamp the flexibility needed to achieve their key objectives. By enabling Nexamp to advance its 6 GW utility-scale pipeline, this transaction positions the company to capitalize on the growing market demand and deliver sustainable, clean energy solutions at scale."
Zaid Ashai, CEO of Nexamp, commented: “America’s energy demand is rising rapidly, and the fastest, most affordable way to meet it is with solar and storage. With a proven track record of deploying more than a gigawatt of distributed solar, Nexamp is well positioned with this new financing to bring utility-scale projects online quickly while building the pipeline needed to deliver reliable, low-cost clean energy for the future.”
Macquarie Asset Management’s Credit & Insurance division manages approximately $222 billion in assets globally as of July 31, 2025. The platform provides expertise across liquidity management as well as risk-return strategies within private credit markets.