Info
Info
News Article

NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project

News

NextPower III, NextEnergy Capital's third institutional solar fund, is pleased to announce its first acquisition in Portugal.


 Project was acquired from the developers Azimuth Molecule and Cardinal Flexivel
 The plant benefits from a 10 year power purchase agreement, and planning to start construction in Q4/2020 and commissioning in Q3/2021
 NextPower III's capacity in operation and under construction, across 8 projects is now 335MWp in multiple geographies
 NPIII has during the COVID 19 pandemic, successfully closed 4 transactions across different geographies. In total the fund has now closed 8 transactions.
 NextPower III has 7 further projects under exclusivity with a total capacity of circa 450MWp.


NextPower III's investment strategy is to acquire solar power plants at the ready-to-build status or in operations across high-growth OECD international markets. The investment team is currently focusing its efforts to increase the portfolios in its carefully selected geographies including the USA, Latin America and Europe, where NPIII have ongoing transactions, and expects to announce further acquisitions during the fourth quarter of 2020.
Filinto Martins, Managing Director and Head of NextPower III, commented:
“This acquisition allows NextPower III to further increase its presence globally and enter the European market in a country with high growth potential. NextPowerIII is already at an advanced stage of negotiations to execute further opportunities in Iberia by the end of the year. We see Iberia as a key geography for the fund and we have a defined growth strategy for Iberia”


Aldo Beolchini, Managing Partner and Chief Investment Officer, commented:
“Portugal and many other countries worldwide are stepping-up their commitments to increase clean energy generation. Whether it is for reducing their carbon emissions, start-up the green hydrogen economy or to promote a green recovery from COVID pandemic, we are proud to be contributing to this global effort whilst opening new markets for NextEnergy. We are on track to build a target portfolio for our private fund NextPower III of around 2.5GW installed solar capacity internationally.”

NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project
The Smarter E South America Postponed To October 18-20, 2021
Greencoat Renewables Announces First Transaction In Nordic Market
New Innovation Set To Change Renewable Energy Market
Low Carbon Develop UK’s Largest Community-owned Solar Park
AMP Clean Energy Partners With Segen To Boost UK Solar Energy Opportunities
Ingenious Invests In Electric Vehicle Charging Firm
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
UK'S Largest Battery Ready To Balance The Grid
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
SOLARWATT Prepares For Strong UK Growth
Solar Power As Rental Offer Launched By Aggreko
FIMER Powers UK Largest Rooftop Solar Project
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
FRV And Harmony Energy To Develop Second UK Utility Scale Battery Project
TLT Advises Santander On 30MW Flagship Battery Storage Project
PV Digitalization Forum Presents MeteoControl, Enerparc, Sonnedix And Clere AG
Pushing Limits On Project Design Exposes Large-scale Pv To Technical And Financial Risks
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
NextEnergy Capital Two New Assets Totalling 115MWp
Sharp Launches New 440W Half-cut Cell PV Panel
UK Green Tech Company Myenergi To Double Workforce By 2021
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event