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…

Fernando Moncada Rivera

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