Hamburg Commercial Bank (HCOB) has agreed to provide a $50 million revolving credit facility (RCF) to NextEnergy Capital’s private solar fund, NextEnergy III, to support capital structure optimisation and future investments.
The RCF is aimed at enhancing the fund’s financial flexibility and enabling value-accretive opportunities, the companies said in a joint statement on Monday.
“This financing underlines our commitment to sustainable energy projects and contributes to the diversification of our Project Finance portfolio,” said Hans Lotzer, head of project finance at HCOB.
Launched in 2018, NextEnergy III has invested in 167 solar infrastructure assets across OECD countries, with a combined capacity of approximately 1.8 gigawatts (GW). According to company data, 2GW of solar capacity can help avoid around 2 million tonnes of CO₂ emissions annually—equivalent to powering 1.3 million homes.
Jean-Baptiste Bonnaud, director of investments at NextEnergy Capital, said: “This RCF provided by HCOB enables us to respond flexibly to investment opportunities while managing cash flows in a way that optimizes returns.”
The fund manager said the facility aligns with its broader investment strategy, which focuses on long-term, income-generating solar infrastructure in stable markets.
“We are very pleased to welcome NextEnergy Group as a new client and would like to thank the NEC team for the trustful cooperation,” added Marco Schweer, executive director at HCOB.
The facility is expected to support the fund’s continued growth amid increasing demand for renewable energy infrastructure in global markets.
