nextenergy capital

NextPower V ESG (NPV ESG), an international fund operated by NextEnergy Capital (NEC), has acquired a 248MW Spanish solar PV portfolio.

NextEnergy Capital has inaugurated two solar PV plants with a combined 260MW generation capacity in Portugal and Spain.

Following the example of by the Inflation Reduction Act (IRA) in the US was among the opportunities discussed for the European solar sector.

London-based renewables fund NextEnergy Capital (NEC) has bought a 100MW solar PV plant in Florida, US, marking the first acquisition under its NextEra ESG V investment fund.

NextEnergy Capital, the London-based solar energy asset manager, has closed the first round of its fifth investment vehicle, NextPower V ESG (NPV ESG) with US$480 million in investment commitments.

The PPA can provide secured long-term visibility of cash flows to the company, according to NextEnergy Solar Fund.

Italian renewable energy group Enel Green Power has reportedly entered talks to sell a stake in its 3GW PV module manufacturing facility in Sicily.

For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.

Solar investors believe that Europe can be a competitive market for PV manufacturing and compete with the US Inflation Reduction Act (IRA), as ESG and energy security concerns will drive money to the continent.

Renewable energy investor and asset manager NextEnergy Capital has launched its most recent international solar capital fund, NextPower V ESG (NPV ESG), with a target of US$1.5 billion in capital commitments and a ceiling of US$2 billion.