New Energy Solar
Company description
New Energy Solar acquires, owns and manages large scale solar generation facilities. It was established in November 2015 with the objective of generating positive social impact alongside attractive financial returns through the generation of renewable energy sold under long term contracts.
The Business has successfully acquired a large portfolio of solar power plants and has a deep pipeline of opportunities across Australia and the United States. NEW aims to build out a diversified portfolio of assets across different regions and, through active management, optimise returns and minimise risks for investors.
NEW may also invest in other renewable energy assets including wind, geothermal, hydro-electricity, hybrid solutions and associated investments such as battery and other storage, smart metering and other potential future technologies.
The company has office in Australia and USA (New York).
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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June 14, 2021
New Energy Solar offloads 167 MW Aussie solar projects
New Energy Solar has confirmed it will sell off its Australian portfolio to Banpu PCL. The company is shifting attention to the US where 14 of its 16 assets are located, to simplify its business and a...
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May 12, 2021
US Solar Fund increases equity raise to US$132m
New Energy Solar's US Solar Fund has raised US$132 million from new and existing investors, exceeding its original US$105 million fundraising target. Taking into account the company’s proposed u...
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January 05, 2021
US Solar Fund, New Energy Solar sign deal for 200 MW MS2 solar project stakes deal
US Solar Fund Plc has entered into an agreement with an Australian solar farms investor and operator New Energy Solar Ltd for the acquisition of up to 50% stakes in the 200 MW Mount Signal (MS2) solar...
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November 22, 2019
New Energy Solar to divest 325 MW of solar in USA
New Energy Solar will run a formal sale process for a part interest in two of its US solar plant assets, a 49% interest in Boulder City in Nevada and a 50% interest in Mount Signal 2 in California. Th...
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August 21, 2019
Kellogg signs PPA deal with Beryl Solar Farm in NSW
The manufacturing facility of Kellogg in New South Wales will be powered with clean energy after it has signed a seven and half year power purchase deal with the Beryl Solar Farm. The...
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July 08, 2019
US Solar Fund enters agreement with Cypress Creek Renewables for the 90 MW solar portfolio acquisition
US Solar Fund plc (USF), a fund managed by New Energy Solar Manager Pty Limited, has entered into an agreement with Cypress Creek Renewables for the acquisition of a 90 MWdc solar photovolta...
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July 03, 2019
New Energy Solar completes Beryl solar park in New South Wales
New Energy Solar has completed the construction of the 87 MW (110 MWdc) Beryl solar park located in New South Wales. The facility consists of 260,000 units of First Solar’s Seri...
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June 07, 2019
US Solar Fund reaches FC with US$200m IPO
The newly established closed-ended investment company, US Solar Fund Plc, has reached its first close of US$200 million initial public offerings (IPO) with a common share of US$1 per share. From 31 M...
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February 26, 2019
US Solar Fund prepares for US$250m London IPO
New Energy Solar's US Solar Fund Plc (USF) is set to launch its US$250 million initial public offerings (IPO) in London by March. The Fund has received a strong response from a broad range...
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