The Mitsubishi-backed solar energy developer has attracted $240m from Generate Capital, three years after its last equity round.

Nexamp, the US-based developer of solar energy projects backed by Diamond Generating Corporation, a clean energy subsidiary of diversified conglomerate Mitsubishi Corporation, has received a $240m equity injection from sustainable infrastructure investment firm Generate Capital.

Founded in 2007, Nexamp develops, owns and operates solar energy and energy storage projects in the US, currently holding a portfolio of nearly 1GW in power generation capacity under construction or in operation. The new money will go to expanding into new markets.

Diamond Generating…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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