North AmericaNexamp recently launched its Developer Accelerator Program, designed specifically for distributed generation solar and storage developers seeking operational flexibility and execution certainty across the industry's most promising growth markets.
As a top asset owner nationally, Nexamp has augmented its organic development achievements with more than 500 MW of successful distributed solar project acquisitions to date through collaboration with a wide variety of developer partners. The company also performs in-house construction, O&M, community solar customer acquisition and management, and a full range of consumer services. Over the past 18 months alone, it has secured more than $1.5 billion in capital commitments for its project portfolio.
The Developer Accelerator Program brings Nexamp's capacity to an increasingly crowded field of qualified developers seeking pipeline scale in a highly competitive environment. By enabling partnership at an earlier stage in the development lifecycle, Nexamp aims to bolster the chances of individual project and overall pipeline success for its qualified partners.
Upon competitive development and working capital, the program was conceived as a developer-friendly model that mirrors the company's internal development methods, offering resources and responsiveness at a level often out of reach for smaller teams.
We're arming those teams with the resources they need to advance their projects with confidence and access to a like-minded partner to help work through any roadblocks along the way.
—said Zaid Ashai, Nexamp's CEO.
Similar to its groundbreaking community solar product design, Nexamp expects its customer-oriented approach to deliver a flexible, industry-leading solution. Initial partnerships have focused on active community solar markets, though the company is considering expanding options to cover burgeoning market programs currently under development.
"Nexamp has earned a reputation for introducing innovative solutions that simplify and accelerate the deployment of renewables, and this program is reflective of that intent," said John Murphy, SVP of Corporate Development for Nexamp.
"We're not merely providing development capital; we aim to unlock the full potential of our development and policy expertise, leading engineering and construction talent, and efficient legal and financing capacity to bring a streamlined, best-in-class option to our growing network of developer partners."
