NextEnergy Capital Fund Acquires 18.5-MW Solar Project in Hampshire

Credit: NextEnergy Capital

, a London-based renewables manager and investor, announced on Wednesday the of an 18.5-MW ready-to-build solar project located in Hampshire, South East .

The transaction, conducted through NextPower ESG (NPUK), marks the fund's 11th utility-scale solar investment, bringing its total portfolio capacity to 515.5 MW.

The Locks Solar Farm, which secured a fixed-price Contract-for-Difference (CfD) in the UK government's sixth allocation round, is set to provide long-term revenue stability for its generation capacity. The CfD contract ensures a fixed price for the entire output of the project.

In July, NPUK exceeded its initial GBP 500 million (USD 632.4 million/EUR 601.4 million) fundraising target by securing GBP 683 million in commitments. The fund is also receiving late-stage due diligence from several investors and expects additional capital inflows in the coming weeks.

As of this summer, NPUK's portfolio comprised nearly 500 MW, with 75% of the assets either operational or under construction.

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