Boston-based Nexamp has acquired a 4.4 MW portfolio of solar projects operating in Massachusetts from Broadway Renewable Strategies.
Nexamp will manage the operating assets, which have power purchase agreements with educational, municipal and commercial institutions in 11 communities.
The terms of the acquisition agreement were not disclosed.
‘This acquisition is a critical part of the accelerating growth that we have worked toward in the last year, including developing, building and commissioning 23 MW over the past six months,’ says Zaid Ashai, chairman and CEO of Nexamp. ‘Nexamp is on a path for strong organic growth and we will continue to look to augment this growth with acquisitions of operating and pipeline assets.’