NextEnergy Solar, NextPower co-invest in 210 MW solar project in Santarem
NextEnergy Solar Fund Ltd has agreed on a second co-investment with NextPower III ESG for a 13% stake in a 210 MW solar PV project being constructed in Santarem, Portugal.
The investment is for EUR22.5 million (US$23.77 million). Energisation of the PV project is scheduled to take place in the second quarter of 2023. Once in operation, the 210 MW project is on-track to benefit from a long-term power purchase agreement for the sale of electricity.
NextEnergy will fund the co-investment through its revolving credit facilities.
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