NextPower III invests in 17.4 MW Portuguese solar PV project
Date
October 22, 2020
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Portugal
Subsectors
Photovoltaic
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NextPower III, NextEnergy Capital’s third institutional solar fund, has acquired a 17.4 MW solar project in Portugal from the developers Azimuth Molecule and Cardinal Flexivel.
The plant benefits from a 10 year power purchase agreement, and construction is set to begin in Q4/2020 and commissioning in Q3/2021.
