NextPower acquires a solar PV portfolio in Spain

NextEnergy Capital has announced that its latest international OECD Fund, NextPower V ESG has entered into a binding agreement to acquire a 248 MW portfolio of 12 solar photovoltaic (PV) projects in North-Eastern Spain.

This 248 MW solar portfolio marks the fourth investment that the Fund has made. The announcement comes just after the closing of a long-term debt financing for an operational portfolio managed by NPV ESG’s predecessor Fund NextPower III ESG in the same region. This transaction for NPV ESG follows the recent acquisitions of a 100 MW solar project in the US, as well as two operational CfD portfolios of 50 MW and 66 MW in Europe.

NPV ESG’s portfolio has been significantly built out during the last six months, with 348 MW in construction, 116 MW in operations, and over 500 MW in exclusivity or advanced negotiation. Since the launch of NPV ESG, NEC has evaluated over 88 GW of pipeline with 18 GW of high-quality, attractive investment opportunities identified for more detailed evaluation.