NextEnergy Capital has introduced an additional capital dedication of $100 million to its fifth technique, NextPower V ESG, an OECD-focused photo voltaic and battery storage technique focusing on $1.5 billion with a $2 billion laborious cap that has secured $580 million in commitments up to now.
The extra capital was dedicated by a European pension fund, becoming a member of current traders KLP, a German occupational pension fund and a Nordic pension fund.
NPV ESG began its funding cycle with a 100 MW utility-scale photo voltaic venture beneath building in Highland County, Fla. and has a number of different funding alternatives from its 18 GW pipeline beneath exclusivity..
“We’re delighted to welcome a brand new investor into NextPower V ESG, which additional accelerates the fund’s optimistic momentum and development,” says Subsequent Power Capital’s Shane Swords.
“It’s fantastic to see NextEnergy Capital’s exemplary monitor file, intensive expertise in photo voltaic and huge alternatives within the photo voltaic sector being recognised. NextPower V ESG is our largest worldwide fund up to now which is able to present an actual impression and tangible advantages to the communities and international locations the place its belongings are situated, while additionally offering a possibility for traders on the lookout for robust and steady renewable power returns. This extra capital shut is a transparent indication to the market that, regardless of the present atmosphere, traders are nonetheless searching for a specialist funding supervisor with a confirmed monitor file of profitable supply, deployment and superior return era.”
