NextPower III ESG completes acquisition of 50 MWp Agenor solar project in Cadiz

NextPower III ESG, the international institutional solar fund of NextEnergy Capital (NEC), has completed the acquisition of Agenor, NPIII ESG’s first solar photovoltaic asset in Spain. 

Agenor is a 50 MWp solar plant located in Cádiz, Spain, which is currently under construction by Q CELLS, a technology supplier and specialist developer in the solar sector. The construction works are expected to be completed by the second quarter of 2022. The solar plant will benefit from a Power Purchase Agreement with a multinational investment-grade corporate off-taker.

Once operational, Agenor will produce enough clean electricity to power the equivalent of circa 42,160 homes per year.