Nexamp – Weekly Recap

Nexamp is an American clean energy developer and operator focused on community solar and distributed renewable energy projects, and this weekly recap highlights key developments that underscore its strategic positioning in major U.S. markets. Over the past week, the company emphasized both a flagship California solar installation and a significant policy milestone in Illinois that could shape its future growth.

In California, Nexamp spotlighted its PVN Milliken solar project, a facility built on a capped landfill in San Bernardino County that the company acquired in 2017 as its entry into the state. The project converts previously undevelopable land into a revenue-generating clean energy asset while providing long-term lease income to the county. By utilizing capped landfills and other underused sites, Nexamp aims to reduce land acquisition challenges, deepen partnerships with local governments through lease arrangements, and improve project economics. The California presence is strategically important given the state’s large, policy-driven demand for renewable energy, offering Nexamp potential for an expanded project pipeline and stable recurring revenue from long-term power and lease contracts. This landfill-based approach also reinforces the company’s reputation for executing complex siting solutions, which can be a competitive advantage in winning future projects and financing.

In Illinois, Nexamp highlighted the signing of the Clean and Reliable Grid Affordability Act (CRGA) into law by Governor JB Pritzker, noting that its Policy Director, Jessica Collingsworth, attended the signing. The new law accelerates renewable energy deployment, expands energy efficiency programs, advances grid planning and infrastructure upgrades, and sets a state procurement target of 3 GW of utility-scale energy storage alongside a Virtual Power Plant program. Although the update does not detail specific contracts for Nexamp, the legislation strengthens the policy and regulatory framework for renewables, storage, and distributed energy resources in a market where the company is already active. This environment could support increased demand for storage-backed solar and grid services, improving visibility into long-term revenue opportunities and enhancing Nexamp’s competitive positioning in Illinois.

Taken together, the focus on innovative landfill-based solar in California and the supportive policy landscape in Illinois suggest a constructive week for Nexamp, with developments that reinforce its strategic footprint and potential for continued growth in key U.S. clean energy markets.