NextEnergy Capital (NEC), via its NextPower V ESG fund (NPV ESG), recently acquired a 65.6 MW solar portfolio in Poland. This acquisition, benefiting from 100% inflation-indexed contracted revenues for a 15-year term. It is part of a series of strategic investments aimed at strengthening NEC’s presence in the European renewable energy market.
Financial and technical background
The portfolio, acquired from an investor in the development of renewable energy projects, underlines NEC’s commitment to developing solar infrastructure in selected OECD markets. NPV ESG, which targets an investment ceiling of $2 billion, has already reached $745 million. This was made possible by contributions from British and Dutch pension funds.
Expansion and sustainable development
With a pipeline of projects totaling 18 GW. NPV ESG plans to generate enough clean energy to power up to 1.1 million homes a year. This would reduce fossil natural gas consumption by almost 220 million m³ per year. This strategy reflects NEC’s goal of leading the transition to clean energy while offering attractive financial returns to its investors.
Impact on the Polish market
Poland, with its growing commitment to renewable energies, represents a key market for NEC. The recent refinancing of a €46.5 million debt facility for NextPower III ESG’s 94 MW solar portfolio illustrates NEC’s continued confidence in the Polish market’s ability to support large-scale solar infrastructure projects.
Future prospects
Aldo Beolchini, Partner Manager and Chief Investment Officer of NextEnergy Group, underlined the importance of this acquisition. He says: “As we progress towards our investment ceiling and realize our pipeline of projects across Europe, Canada and the U.S., we’re helping countries reduce their consumption of fossil fuels, increase their energy independence and lower energy prices for consumers.” Antonio Salvati, Chief Executive Officer of NextPower V ESG, added: “We are delighted to announce NextPower V ESG’s inaugural acquisition in Poland with this 65.6 MW solar portfolio. This acquisition marks an important milestone in our commitment to the solar infrastructure sector, propels our clean energy transition mission and offers attractive returns for investors.”
NextEnergy Capital’s NPV ESG project in Poland is a key step in the expansion of solar energy in Eastern Europe. It reflects NEC’s commitment to investing in sustainable infrastructure and supporting the global energy transition, while offering solid financial returns to its investors.
