NextEnergy Capital Acquires 248-MW Solar Portfolio in Spain

• NextEnergy Capital expands solar portfolio in Spain, with 248-MW acquisition marking fourth investment for NextPower V ESG fund. Strong commitment to Iberian market.

NextEnergy Capital's fund has agreed to purchase a 248-MW solar portfolio in Spain, consisting of 12 PV projects in the northeastern part of the country. This acquisition marks the fourth investment for NextPower V ESG, a fund focused on OECD solar assets and adjacent technologies. The fund has already secured USD 745 million in commitments towards its target of USD 1.5 billion.

Antonio Salvati, managing director of NextPower V ESG, highlighted Spain as an attractive market for solar investments, with NEC currently managing around 500 MW of operating solar assets in the region. The fund is also in advanced negotiations for multiple additional projects in Iberia, showing a strong commitment to further investments in the area.

What factors make Spain an attractive market for solar investments?

Factors that make Spain an attractive market for solar investments:

1.  Abundant sunlight: Spain has one of the highest levels of solar irradiation in Europe, making it an ideal location for solar energy generation.
2.  Favorable regulatory environment: The Spanish government has implemented policies and incentives to promote renewable energy development, including feed-in tariffs and competitive auctions for solar projects.
3.  Stable investment climate: Spain has a well-established legal framework and political stability, providing a secure environment for investors in the renewable energy sector.
4.  Growing demand for renewable energy: With a commitment to reducing carbon emissions and increasing renewable energy capacity, there is a strong market for solar energy in Spain.
5.  Access to financing: Spain has a developed financial sector with access to capital for renewable energy projects, making it easier for investors to fund solar initiatives in the country.