NextEnergy Capital (NEC) has acquired a 50MW portfolio of solar projects in Poland from a group company of Grenevia. This acquisition represents the third investment by NextPower V ESG (NPV ESG) within three months, following a 100MW photovoltaic (PV) scheme in the United States and a 66MW Contracts for Difference (CfD) portfolio in Europe.
NPV ESG's assets have expanded significantly over the past six months, with commitments to 116MW of operational solar farms and 100MW of PV arrays currently under construction. An additional 400MW is in exclusivity and expected to be transacted this quarter. Since the launch of NPV ESG, NEC has evaluated over 88GW of pipeline, identifying 18GW of investment opportunities, and has 1GW of solar assets in the advanced pipeline across the US, Poland, Spain, and Italy.
The investment strategy of NPV ESG targets the solar+ infrastructure sector in selected OECD markets, aiming to build substantial portfolios in each target market. The objective is to create value with a hands-on approach, establish an operational track record, and divest the portfolio before the end of the fund's life in 2033.
“We are delighted to announce this latest acquisition for NPV ESG, which again demonstrates NEC as a market leader in the solar space with over 110MW of capacity added to NPV ESG over the last ten weeks,” said Aldo Beolchini, Chief Information Officer and Managing Partner at NextEnergy Capital. “The investment team continues to make significant progress in deploying capital into new attractive projects and we look forward to welcoming new investors into the future.”
Antonio Salvati, Managing Director of NextPower V ESG at NextEnergy Capital, expressed satisfaction with the acquisition of the second Polish portfolio. “Poland continues to be an excellent market backed by strong government support, power prices, and stalwart counterparties furthering our capacity to generate long-term stable cashflows,” Salvati said. “This c.50MW acquisition is yet another milestone achieved by the NPV ESG Investment team and signifies our enduring commitment to the solar+ infrastructure space, driving increasing returns for our investors and our mission to lead the transition to clean energy.”
