Nexamp, a leader in distributed solar and energy storage solutions, announced the closing of a three-year, USD 330 million Construction Warehouse Facility (CWF) with a consortium of leading financial institutions on October 9, 2025. 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.

Financing Structure and Participants

The Construction Warehouse Facility involves multiple financial institutions with specific roles and commitments. MUFG committed USD 200 million as the largest lender in the facility, also serving as Mandated Lead Arranger and Administrative Agent. ING followed with a USD 100 million allocation and holds additional responsibilities as Mandated Lead Arranger, Lender, Hedge Provider, and Green Loan Structuring Agent.

Siemens Financial Services contributed USD 30 million as Joint Lead Arranger, while U.S. Bank National Association acted as Collateral Agent. The financing enables more than 120 megawatts of new energy generation for the grid. 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.

Executive Leadership Perspective

Zaid Ashai, CEO of Nexamp, characterized the transaction as marking 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.”

Financial Institution Statements

The participating lenders emphasized the importance of the partnership in advancing the clean energy transition, highlighting both the scale of the facility and the innovative structure that will enable the 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.

Takaki Sakai, Managing Director, Project Finance at MUFG, stated, “MUFG is proud to partner with Nexamp on this important financing, which advances our shared commitment to accessible, affordable energy. 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.”

Filipe Barreto, Director, Renewables, and Power at ING Americas, added, “We are proud to support Nexamp with this innovative and sustainable financing solution. 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.” Jim Fuller, Head of Project Finance at Siemens Financial Services, Inc., commented,

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

Industry Impact and Financing Model

This transaction underscores the critical role that construction warehouse financing plays in accelerating the deployment of renewable energy, ensuring that projects can be built and brought online quickly and efficiently before transitioning into permanent funding structures. The facility is designed to support a revolving portfolio structure, allowing for continuous development and construction of new distributed generation assets.

The financing arrangement represents an innovative approach to funding renewable energy infrastructure development, providing the flexibility needed to respond to increasing energy demand while maintaining focus on reliable, affordable domestic energy resources. The three-year term of the facility offers a structured timeline for project development and transition to long-term financing arrangements.

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