NextEnergy Capital Lights Up Iberia with 260 MW Solar

• NextEnergy Capital shines bright in Spain and Portugal with 260 MW solar power parks, powering homes and leading the way in renewable energy expansion.

London-based NextEnergy Capital has powered up two solar parks in Spain and Portugal with a total capacity of 260 MW. The assets are owned by NextPower III ESG, a solar fund that raised USD 896 million and was launched in 2018 and closed in 2022. The two sites, the 210-MW Santarem PV park in Portugal and a 50-MW plant in Cadiz, Spain, are expected to produce 445 GWh annually, enough to power 126,700 homes.

Both solar parks will operate under long-term power off-take agreements with Norwegian energy group Statkraft. NextEnergy Capital now has a total of 356 MW of operational assets in Iberia, with an additional 110 MW under construction. The company continues to expand its renewable energy portfolio in the region.

What is the total capacity of the two solar parks in Spain and Portugal?

• The total capacity of the two solar parks in Spain and Portugal is 260 MW
  
• The Santarem PV park in Portugal has a capacity of 210 MW
• The solar plant in Cadiz, Spain has a capacity of 50 MW