NextEnergy Capital Buys 100-MW Florida Solar Farm

Dec 18, 2023 02:43 PM ET
  • NextEnergy Capital has acquired their first US solar project in Florida, an impressive 100MW PV farm that will be equipped with the latest photovoltaic technology. The project is set to come online in the first half of 2025, propelling NextEnergy's fifth investment fund into the future.

NextEnergy Capital has announced the first acquisition for its fifth investment fund, NPV ESG - a 100-MW solar project in Florida. The PV farm is located in Highlands County and is set to be built in the first quarter of 2021, becoming operational in the first half of 2025. The project will be equipped with bifacial PV modules and single-axis trackers. NextEnergy Capital has stated that the US is a key market for its fifth fund, and they expect to make further investments in the near future.

What Investments Has NextEnergy Capital Made in US Solar?

  • NextEnergy Capital has committed over $1 billion of investments to the US market, with an additional $350 million committed to US solar projects since 2015.
  • The company has invested in over 10 solar projects across seven states in the US – Arizona, California, Florida, Georgia, Massachusetts, Virginia, and Washington.
  • The biggest US solar project they have invested in is the 300-MW Hooper Solar Farm in California, which will be fully commissioned in 2021.
  • Another notable project is the 150-MW Waverly Solar Farm in Florida, which is due to start operations in 2023.
  • NextEnergy Capital have also invested in community solar projects in Maryland and Massachusetts, as well as two solar+storage projects in Arizona.
  • The company is currently exploring investments in other areas such as energy storage, energy efficiency, and battery technology.

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