NextEnergy Capital apparently looking to market Italian solar assets
- Solar capitalist and asset supervisor NextEnergy Capital Group (NEC) is claimed to be aiming to sell a portfolio of solar projects in Italy for greater than EUR400 million (US$ 453 million), according to Reuters.
Sources informed the news agency that NEC has hired financial institutions to assist it find a purchaser for the 150MW portfolio, which consists of 105 plants throughout Italy, consisting of in Sicily as well as Sardinia.
NEC decreased to comment when contacted by PV Technology.
Established in 2007, when it started tapping into feed-in tariffs to release solar projects in Italy, NEC needs to day purchased greater than 240 specific solar plants around the world with an integrated capability of over 1GW.
The firm now manages three financial investment vehicles: 2 personal funds-- NextPower II (NPII) and NextPower III ESG (NPIII)-- and one listed investment company, NextEnergy Solar Fund.
NPII invests in running solar plants, focused on Italy, where it has projects with a total ability of around 140MW.
The NPIII fund is primarily targeting solar projects in nations such as Italy, the United States, Portugal, Spain and Chile. The fund protected extra dedications previously this year, taking it near three-quarters of the method to attaining its fundraising target of US$ 750 million.
As of Q1 2021, Italy's deployed solar capability was 21.8 GW, according to trade association SolarPower Europe, which said in a recent record that a difficult permitting atmosphere as well as a damaging tender system for solar have actually kept the nation's PV market from removing.
Italy's energy monitoring agency GSE recently launched a new renewables tender that is anticipated to designate 3,312 MW of solar PV and also wind ability, with the outcomes as a result of be revealed on 28 January 2022.
