Macquarie Asset Management Commits USD 350M to Nexamp’s Solar and Storage Expansion in US
Macquarie Asset Management has committed USD 350 million in long-term financing to Nexamp to advance its 6 GW pipeline of utility-scale solar and battery storage projects in the US.
September 17, 2025. By Mrinmoy Dey
In 2021, Nexamp expanded into the utility-scale solar sector, and is now seeking financing to support capital expenditure requirements for the construction of its 6 GW utility-scale project pipeline.
Harlan Cherniak, Head of Americas Infrastructure Debt at Macquarie Asset Management said, “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 realise rapid success in the utility-scale energy transition market. Through this USD 350 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 remarked, “Given rising electricity demand and the need for reliable, low-cost, and home-grown 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 capitalise on the growing market demand and deliver sustainable, clean energy solutions at scale.”
Zaid Ashai, CEO of Nexamp said, “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 and Insurance division is a global credit and insurance platform with approximately USD 222 billion in assets under management. The platform offers focused expertise and solutions across the liquidity, risk, and return spectrums and has approximately USD 40 billion of private credit assets under management.
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