Captona LLC has announced a preferred equity investment in partnership with Nexamp, a fully-integrated distributed generation and community solar company. The investment, announced October 13, supports the financing of 55 MW of solar generation and 5 MWh of battery storage capacity across 10 projects in four states: Illinois, Maine, Massachusetts, and New York.
Captona has been a market leader since rolling out its preferred equity structure in 2023. The firm owns and operates more than 50 energy generation projects, with close to $3.5 billion in enterprise value.
Nexamp has almost 1.5 GW of renewable energy-generating assets currently in operation and several more gigawatts under construction or in development. Kirkland & Ellis LLP served as legal advisor to Captona, while Orrick, Herrington & Sutcliffe LLP served as legal advisors to Nexamp.