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subsidiaries are under the typical control of the broader NEC Team along with NextEnergy Capital Limited (Investment Advisor to NESF) and also NextEnergy Capital IM

out of its NextPower III fund, the third such institutional solar fund NextEnergy Capital has actually introduced. Its remit is to purchase projects throughout the

NextEnergy Capital has signed a significant 20-year power purchase agreement (PPA) for the 75-MW Llanwern solar farm in Newport, Wales, covering 90% of the farm's electricity output. This contract represents one of the UK's largest solar sleeved PPAs, facilitated through NextPower UK ESG and involves Anglian Water Services as the primary buyer. EDF and SSE are also key players in the arrangement, with EDF managing the power generation while SSE assists with the delivery to Anglian Water.The Llanwern solar farm is one of the initial assets for NextPower UK ESG, established in August 2022. Michael Bonte-Friedheim, CEO of NextEnergy Group, emphasized that the agreement aligns with the fund’s strategy for contracted revenues and highlights the growing role of solar energy in supporting utilities and corporations in their transition to renewable energy and decarbonization efforts. How does the Llanwern solar farm’s PPA advance renewable energy goals in the UK? Long-term Commitment: The 20-year duration of the power purchase agreement (PPA) provides stability and predictability for both the Llanwern solar farm and Anglian Water Services. This long-term commitment is essential for securing financing and encouraging further investments in renewable energy projects across the UK. Significant Capacity: The 75-MW capacity of the Llanwern solar farm contributes significantly to the UK's renewable energy generation. This addition supports national targets for increasing the share of solar energy in the energy mix, helping to reduce reliance on fossil fuels. Support for Utility Decarbonization: Anglian Water's participation as the primary buyer in the PPA showcases the utility sector's increasing focus on sustainability. By sourcing 90% of the solar farm's electricity output, Anglian Water actively contributes to decarbonizing its operations, aligning with the UK’s net-zero targets. Realization of Corporate Sustainability Goals: Corporations, such as Anglian Water, are under increasing pressure to adopt sustainable practices. The PPA allows them to demonstrate their commitment to renewable energy, helping fulfill corporate social responsibility objectives and meet environmental, social, and governance (ESG) criteria. Integration of Multiple Stakeholders: The involvement of key players like EDF and SSE illustrates the collaborative approach needed to advance renewable energy projects. EDF’s management of power generation and SSE’s role in delivery reflect a synergistic effort that enhances operational efficiency in the transition to renewable energy. Promotion of Solar Enerпy Market: The Llanwern solar farm's PPA signals a growing market for solar energy in the UK. As more companies and utilities explore similar agreements, it can lead to increased demand for solar installations and innovations in energy management systems. Contribution to Local Economy: The development and operation of solar farms like Llanwern create jobs in construction, maintenance, and other sectors. Engaging local communities in these projects boosts the regional economy and can foster public support for renewable energy initiatives. Environmental Impact: Solar energy generation significantly decreases carbon emissions compared to traditional energy sources. By advancing projects like the Llanwern solar farm, the PPA contributes to improved air quality and reduced greenhouse gas emissions in the UK. Alignment with Government Policies: The PPA aligns with UK government policies aimed at achieving net-zero carbon emissions by 2050, such as the Renewable Energy Guarantees of Origin (REGO) scheme and various incentives for renewable energy investments. Initiatives like the Llanwern solar farm help meet both local and national renewable energy targets. Innovation in Energy Solutions: The unique structure of the PPA (as a solar sleeved contract) introduces innovative energy solutions that could inspire similar agreements across the country, demonstrating how utilities can leverage renewable sources to meet energy needs effectively. Building Resilience in Energy Supply: With more renewable energy projects coming online, the PPA encourages a diversified energy supply, which enhances grid resilience against fluctuations in energy demand and supply, helping to secure reliable energy for consumers.  

NextEnergy Capital's fund has acquired a 50-MW solar portfolio in Poland from Grenevia SA. This marks the fund's third closed investment in three months, following acquisitions in the USA and Europe. The fund, NextPower V ESG, has built a portfolio of 116 MW of operational solar assets and 100 MW of projects under construction in the past six months. It aims to transact about 400 MW more by the end of the quarter.NPV ESG is seeking to reach a size of USD 1.5 billion with a ceiling of USD 2 billion, with a target of achieving 4 GW to 5 GW of capacity. The London-based renewables manager continues to expand its presence in the solar energy sector, with a focus on sustainable investments in various regions around the world. What is NextEnergy Capital's strategy for expanding its solar portfolio globally? NextEnergy Capital's strategy for expanding its solar portfolio globally includes acquiring solar assets in various regions such as Poland, the USA, and Europe. The fund, NextPower V ESG, aims to transact about 400 MW more by the end of the quarter, with a goal of reaching a size of USD 1.5 billion to USD 2 billion. NextEnergy Capital is focused on sustainable investments in the solar energy sector, with a target of achieving 4 GW to 5 GW of capacity. The London-based renewables manager is actively seeking opportunities to grow its solar portfolio and expand its presence in the global renewable energy market.

facility for an additional year. Ross Grier, UK taking care of supervisor of NextEnergy Capital, commented: "The ₤ 70m RCF extension improves our effective relationship with

the US are finalised. NPIII is one of three investment vehicles managed by NextEnergy Capital. NPII is a private fund that invests in primarily on operating solar plants in

market remains to reinforce," stated Ross Grier, UK taking care of director of NextEnergy Capital. " Corporate PPAs will certainly develop a crucial component of the way firms

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.

company NextEnergy Capital has actually increased $896m after last close of its NextPower III ESG fund. The capital raised is above the target of $750m and also makes

NextEnergy Capital (NEC) has become part of two separate ten-year power purchase contracts with Shell Energy North America for the power from 2 US-based solar ranches.

operates using 2 various other organization systems: investment supervisor NextEnergy Capital (NEC) as well as solar asset supervisor WiseEnergy. NEC lately elevated

III, NextEnergy Capital's 3rd institutional solar fund, has introduced that it has finished its first purchase in India. The fund has gotten a 27.4 MWp plant in Odisha

NextEnergy Capital has actually obtained its very first property in Portugal, a solar PV project. Bought through its NextPower III from the developers Azimuth Molecule and also Cardinal Flexivel, the 17.4 MWp plant has a 10-year PPA. Building and construction is anticipated to start this quarter and commissioning due in the 3rd quarter of 2021. With this acquisition, the NextPower III fund now has 335MWp in operation as well as under construction throughout 8 projects in multiple locations It additionally has 7 further projects under exclusivity with an overall capacity of circa 450MWp. NextPower III's investment technique is to obtain solar power plants at the ready-to-build condition or in operations across high-growth OECD international markets. The investment team is presently concentrating its initiatives to raise the portfolios in its thoroughly chosen locations consisting of the USA, Latin America and also Europe, where NPIII have continuous purchases, and also anticipates to reveal further procurements throughout the 4th quarter of 2020. Managing supervisor and also head of NextPower III Filinto Martins stated: "This acquisition allows NextPower III to more increase its presence internationally and go into the European market in a country with high growth possibility. " NextPowerIII is already at an advanced phase of settlements to execute more opportunities in Iberia by the end of the year. We see Iberia as an essential location for the fund and we have a specified development approach for Iberia." Handling companion as well as primary financial investment police officer Aldo Beolchini said: "Portugal as well as several other nations worldwide are stepping-up their commitments to raise clean power generation. " Whether it is for lowering their carbon exhausts, startup the eco-friendly hydrogen economic climate or to advertise an eco-friendly recuperation from COVID pandemic, we are proud to be contributing to this worldwide effort whilst opening brand-new markets for NextEnergy. " We get on track to develop a target profile for our personal fund NextPower III of around 2.5 GW installed solar ability worldwide."

NextEnergy Capital has completed building of two subsidy-free solar farms in the UK totalling 115MW. Llanwern, located in Newport, Wales, has a mounted ability of 75MW, making it the largest solar farm created and energised in the UK. Total financial investment remained in the area of ₤ 43m. The solar farm, a Development of National Significance, and also authorized by the Welsh Assembly in 2018, was constructed during the Covid-19 pandemic and also employed over 200 employees on website at peak building. The property is located within the Gwent Levels, an area with special environmental factors to consider supporting distinct ecology. The site has an environmental administration plan agreed in partnership with Natural Resources Wales, Royal Society for the Protection of Birds and various other stakeholders, including Newport Council which will bring back the landscape for the particular advantage of rare birds, tiny mammals and also invertebrates; a lot of which are distinct to the area. The second solar farm, Strensham, situated in Worcestershire, England, has actually a set up capability of 40W. The project was built in seven months, employing approximately 150 workers at the peak of construction. Both projects were funded by Santander Group, which provided a cutting-edge non-recourse funding framework.

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