Nexamp buys solar portfolio in Massachusetts

Nexamp announced Aug. 19 its acquisition of a 4.4-MW portfolio of solar projects operating in Massachusetts from Broadway Renewable Strategies.

Nexamp will manage these operating assets, whose power purchase agreements provide clean energy and electricity savings to educational, municipal and commercial institutions in 11 Massachusetts communities. Nexamp said it will use its market leading asset management expertise to ensure these projects continue to perform at their highest levels.

“As the largest solar solutions provider based in the Northeast, we are proud to bring more Massachusetts projects into our portfolio,” said Zaid Ashai, Chairman and CEO of Nexamp. “This acquisition is a critical part of the accelerating growth that we have worked towards in the last year, including developing, building and commissioning 23 MW over the past six months.”

Founded in 2007 and headquartered in Boston, Mass., Nexamp is the largest commercial solar provider in the Northeast.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.