Nexamp adds to Mass. portfolio

Nexamp says it has acquired a 4.4MW portfolio of solar PV projects operating in Massachusetts from electrical contractor Broadway Renewable Strategies.

Boston-based Nexamp did not disclose financial terms of the deal.

It will manage the assets, whose power purchase agreements provide clean energy and electricity savings to educational, municipal and commercial institutions in 11 Massachusetts communities.

"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,” says Nexamp chief executive Said Ashai.