NextEnergy Solar Fund inks PPA with Statkraft for 210MW project

Facebook
Twitter
LinkedIn
Reddit
Email
Statkraft will purchase power from the Santarém project for eight years. Image: NextEnergy Solar Fund

Renewable energy infrastructure investment company NextEnergy Solar Fund has signed a long-term power purchase agreement with energy company Statkraft. 

Under this agreement, Statkraft will acquire electricity from NextEnergy Solar Fund’s 210MW Santarém project in Portugal for eight years. NextEnergy Solar Fund is part of solar asset manager NextEnergy Capital’s portfolio. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“The PPA in place for Santarém, of which NextEnergy Solar Fund holds a 13% stake, provides secured long-term visibility of cash flows, and ultimately provides stable returns for NextEnergy Solar Fund,” said Ross Grier, UK managing director of NextEnergy Capital.

NextEnergy Capital and Statkraft previously signed PPA earlier for the Agenor project, a 50MW Spanish solar asset and NextEnergy Solar Fund’s first co-investment. 

Prior to the PPA, NextEnergy Capital launched a solar capital fund in January, NextPower V ESG (NPV ESG), with a target of US$1.5 billion in capital commitments and a ceiling of US$2 billion. The fund is designed to target investments in assets in Organisation for Economic Development and Cooperation (OECD) regions, a group of countries organised to commit to sustainable economic growth. 

NPV ESG aims to offer mid-double-digit returns across the solar value chain. The investments will be focused on those OECD regions where NextEnergy has an existing foothold and operating presence, such as Italy – where it recently began developing an 87MW agrivoltaic solar-plus-storage project – and the UK.

Read Next

September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 8, 2025
Georgia Power has certified five new solar power purchase agreements (PPAs) within its borders, for a combined capacity of just over 1GW.
September 2, 2025
Scatec has signed a 15-year power purchase agreement (PPA) with BTG Pactual Comercializadora de Energia to develop a 130MW solar project in Colombia.
August 27, 2025
Norwegian energy company Statkraft has sold its Netherlands solar portfolio of 120MWp to Dutch renewable energy supplier Greenchoice.
Premium
August 14, 2025
JP Casey investigates efforts currently being made to standardise the offtake agreement for the renewable power sector.
August 13, 2025
Madrid-headquartered renewables developer Elawan has signed a 10-year power purchase agreement (PPA) to support a 150MW solar PV portfolio in northern Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines