NextPower III completes acquisitions of two solar projects in Florida

Date June 29, 2022
Type M&A Transactions
Subtype Transaction completed
Countries (USA) United States of America
Subsectors Photovoltaic
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A private equity fund managed by NextEnergy Capital, NextPower III ESG (NPIII ESG), has completed the acquisition of two solar photovoltaic projects with individual generating capacities of 100 MW located in Lake Placid in Florida, USA. 

The projects are currently in the negotiation for their power purchase agreements (PPAs) for a period of 10 years. NextPower III has closed in January 2022 with a hard cap of US$896 million. 

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