NextEnergy Capital (NEC) has acquired a 50MW portfolio of solar projects in Poland from a group company of Grenevia.
The 50MW solar portfolio acquisition marks the third closed investment by NextPower V ESG (NPV ESG) within three months, following a 100MW PV scheme in the US and a 66MW CfD portfolio in Europe.
NPV ESG’s assets have been built out during the last six months, committing to 116MW of operational solar farms and 100MW of PV arrays currently under construction with a further 400MW in exclusivity and expected to be transacted this quarter.
Since the launch of NPV ESG, NEC has evaluated over 88GW of pipeline with 18GW of investment opportunities identified for further growth with 1GW of solar assets in the advanced pipeline across the US, Poland, Spain and Italy.
NPV ESG’s investment strategy targets the solar+ infrastructure sector in carefully selected OECD markets, with the objective of building significant portfolios in each target market, creating value with a hands-on approach, establishing an operational track record and divesting the portfolio before the end of the fund’s life in 2033.
Chief information officer and managing partner at NextEnergy Capital Aldo Beolchini said: “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.
“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.”
Managing director NextPower V ESG at NextEnergy Capital Antonio Salvati added: “We are very pleased with the acquisition of our 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.
“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.”