Tag: NextEnergy

NextEnergy Capital announces First Close of its UK Subsidy-Free Solar Fund, NextPower UK ESG, at over 65% of Target

Stuart Mitchell

NextEnergy Capital , a global leader in the renewables sector, is pleased to announce the first close for NextPower UK ESG  at £327 million, which is over 65% of NPUK ESG’s target of £500m. The fund has a hard cap of £1 billion. Since it officially launched in December 2021, NPUK ESG has enjoyed significant fundraising momentum against a challenging backdrop.  The commitments in this first close have been made from investors in the UK and the Middle East including the UK Infrastructure Bank (“UKIB”), LGPS Central Limited, Merseyside Pension…

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NextEnergy Capital Announces Record Fundraise of $896 Million for NextPower III ESG

Stuart Mitchell

NextEnergy Capital (“NEC”), is delighted to announce its final close for NextPower III ESG (“NPIII ESG”), bringing the total capital raised to $896 million, including an SMA.  Including co-investments closed to date, the total capital pool for its investment strategy exceeds $905 million.  The capital raised is comfortably above the target of $750m and makes this NEC’s largest private fund to date. NPIII ESG focuses on the international solar infrastructure sector, principally targeting projects in carefully selected OECD countries, including the US, Portugal, Spain, Chile, and Poland.  It is the…

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