Captona Closes Preferred Equity Investment with Nexamp in its Latest Large, Multi-State, Community Solar Portfolio

NEW YORK--(BUSINESS WIRE)--Captona LLC (Captona), a leading energy investment firm in North America, today announced its latest preferred equity investment in partnership with Nexamp, Inc. (Nexamp), America’s largest fully-integrated distributed generation and community solar company.

This investment supports the financing of 55MW of solar generation and 5MWh of battery storage capacity across 10 projects in four states (Illinois, Maine, Massachusetts, and New York). This transaction marks the next phase in Captona’s continued innovation of its preferred-equity solution, highlighting the team’s ability to deploy capital with flexibility and scale.

Captona has been a market leader since rolling out its preferred equity structure in 2023. Partnering with an industry-leading solar developer in Nexamp represents a step forward in Captona’s preferred equity program and demonstrates the trust it has built with industry leaders.

“We're proud to invest in projects delivered by a best-in-class company like Nexamp, demonstrating Captona's ability to meet the evolving needs of our partners,” said Izzet Bensusan, CEO and Founder of Captona. “As power demand continues to accelerate, we're further scaling our investments to support our partners and the development of critical energy infrastructure.”

“Meeting rising energy demand requires us to bring new generation online quickly, and that takes strong, flexible partnerships across the industry,” said Anjali Patel, Vice President of Capital Markets & Strategy at Nexamp. “This investment from Captona will help advance a diverse portfolio of solar and storage projects that can deliver meaningful benefits to individuals and communities—from greater access to local clean energy to stronger, more resilient power systems.”

Kirkland & Ellis LLP served as legal advisor to Captona, while Orrick, Herrington & Sutcliffe LLP served as legal advisors to Nexamp in connection with the transaction.

About Captona
Captona is a leading North America-focused energy transition investment firm driving the next era of growth in the clean energy future. With close to $3.5 billion in enterprise value, Captona owns and operates more than 50 energy generation projects, with a focus on storage, solar, microgrids, fuel cell, and RNG technologies. Captona’s diverse portfolio of energy transition assets and proven track record of delivering innovative financing structures make Captona a partner of choice for both investors and developers.

About Nexamp
Nexamp is transforming the new energy economy with proven solar and storage solutions, and inviting individuals, communities, and businesses to take part in the benefits. Our end-to-end capabilities—including project development and acquisition, design, construction, and asset management—uniquely position Nexamp to accelerate the transition to a cleaner domestic grid. By building integrated clean energy infrastructure, we ensure that both savings and job opportunities reach everyday Americans. With almost 1.5 GW of renewable energy-generating assets currently in operation and several more gigawatts under construction or in development, we’re building a cleaner and more resilient future. Visit us at www.nexamp.com.