NextEnergy Capital’s NextPower V ESG Fund Acquires 248MW Solar Portfolio in Spain, Accelerating Global Solar Growth! NextEnergy Capital’s latest international fund, NextPower V ESG, is making waves in the renewable energy sector with its newest acquisition—a 248MW portfolio of 12 solar PV projects in North-Eastern Spain. This strategic investment marks the fourth major addition to the Fund’s growing portfolio, underscoring its commitment to advancing sustainable energy on a global scale. This acquisition is particularly exciting as it comes on the heels of a successful long-term debt financing deal for an operational solar portfolio managed by NextPower III ESG—the predecessor to NPV ESG—in the same region. This continued momentum highlights the Fund’s ability to secure high-impact projects that contribute significantly to the energy transition.
NextPower V ESG has been on a roll, recently acquiring a 100MW solar project in the USA and two operational CfD portfolios of 50MW and 66MW in Europe. Over the past six months alone, NPV ESG’s portfolio has rapidly expanded, with 348MW currently under construction, 116MW already in operation, and over 500MW in exclusivity or advanced negotiation stages. Since its launch, NPV ESG has evaluated a staggering 88GW of potential projects, narrowing down 18GW of the most promising opportunities for further evaluation. This disciplined approach has allowed the Fund to secure US$745 million in total commitments so far, with backing from a diverse group of investors, including a UK LGPS investment pool, a Dutch pension fund, and re-ups from existing NextPower III ESG investors like KLP, a German occupational pension fund, and a large Nordic pension fund. As NextEnergy Capital continues to build on this positive fundraising momentum, it’s clear that the Fund is on track to hit its ambitious US$1.5 billion target. With investors around the globe currently in due diligence, NPV ESG is well-positioned to further cement its status as a leader in the solar energy space.
Aldo Beolchini, Chief Investment Officer and Managing Partner at NextEnergy Capital, expressed his enthusiasm for the Fund’s recent achievements: “NPV ESG continues to go from strength to strength. This latest investment in Spain shortly follows the recent acquisition in Poland, which again demonstrates NEC’s ability to deploy capital quickly and efficiently. This highlights NEC as a market leader in the solar space, with over 360MW of capacity added to NPV ESG in the last twelve weeks.” With each new acquisition, NextEnergy Capital is not just building solar capacity—they’re building a sustainable future. This latest investment in Spain is a shining example of their unwavering commitment to driving the global energy transition forward, one solar panel at a time. Stay tuned as NPV ESG continues to expand its impact on the renewable energy landscape! #RenewableEnergy #SolarPower #NextEnergyCapital #NextPowerVESG #Sustainability #Spain #CleanEnergy #EnergyTransition #SolarProjects #GreenInvestment #GlobalEnergy