NextEnergy Capital secures US$480mn first close for NextPower V ESG fund
NextEnergy Capital (NEC) has secured the first close of its fifth investment vehicle NextPower V ESG (NPV ESG) at US$480 million, which targets capital commitments of up to US$1.5 billion with a US$2 billion hard cap.
To date, US$330 million in direct commitments and $150 million in co-investment allocations have been raised for the Fund. KLP, a German occupational pension fund, and a significant Nordic pension fund are among those who have invested in NPV ESG.
The fund's key geographic priorities are Europe, North America, and Chile, where NextEnergy Capital presently manages a large portfolio of solar photovoltaic infrastructure assets. In these geographies, NEC has identified a pipeline of NPV ESG investment opportunities totaling 14 GW.
Country updates
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July 07, 2023
Centrica secures the development rights for 65 MW energy storage project in Perthshire
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BP Plc receives approval for hydrogen hub in Aberdeen
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Prysmian wins cable contract for 2,852 MW offshore wind project off North Norfolk
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