NextEnergy solar fund snaps up Portugal PV project

• NextEnergy Capital's global institutional solar fund, NextPower III ESG, has actually purchased a 39MWp solar project in Portugal, its third purchase in the nation.

The project, which will obtain income from a lasting power acquisition contract (PPA) when it comes online, results from begin in Q2 2021, with conclusion set for springtime 2022. WiseEnergy will certainly look after the project's possession monitoring when it is commissioned following year.

Filinto Martins, taking care of supervisor of the fund, claimed that Portugal is a market that stands for "high development potential" in the solar field.

The solar capitalist made its initial foray right into Portugal in October with the procurement of a 17.4 MWp project from Azimuth Molecule and also Cardinal Flexivel, and also went on to purchase a 2nd 11.6 MWp project from Grenergy Renewables in January. Both are anticipated to find online later this year.

NextEnergy Capital is additionally developing its capacity in the UK and Italy, which have growth pipelines of 2GWp and also 300MWp specifically.