NextEnergy Capital Advances with Acquisition of 110MW Spanish Solar Project
Deal News | Jul 02, 2025 | NextEnergy Capital Limited, Investment Arm
NextEnergy Capital Limited has announced that its investment fund, NextPower V ESG (NPV ESG), has completed the acquisition of a 110MW solar PV project in North-Eastern Spain. This acquisition marks the fund's seventh investment, taking NPV ESG's total commitment to over 590MW, with more projects under negotiation. Backed by substantial investor commitments totaling $843 million, NPV ESG aims to reach a fund size of $1.5 billion. It is aligned with Article 9 of the EU SFDR, focusing on tangible environmental impacts. The fund uses a disciplined revenue model generating stable cash flows and plans to divest the portfolio by 2033. NextPower V ESG's strategy focuses on solar infrastructure within OECD markets, contributing significantly to renewable energy generation and reducing fossil fuel reliance. Its managing director, Antonio Salvati, emphasizes the fund's success in operational capacity growth, particularly in Europe, aiming to double solar capacity in the next year.
Sectors
- Renewable Energy
- Private Equity
Geography
- Spain – The solar project acquisition took place in North-Eastern Spain, making it a significant geographical focus in the article.
- Europe – NextPower V ESG's expansion and operational strategies are focused on the European renewable energy market.
Industry
- Renewable Energy – The article discusses investments and developments in solar power infrastructure, a critical component of the renewable energy sector.
- Private Equity – NextEnergy Capital, a private equity firm, is involved in this transaction, focusing on investments in solar energy projects.
Financials
- $843 million – Total commitments secured by NPV ESG, including $218 million for co-investments.
- $1.5 billion – Target fund size for NPV ESG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NextEnergy Capital Limited | Acquiring Company | Company | A private equity firm specializing in renewable energy investments, particularly in the solar sector. |
| NextPower V ESG | Investment Fund | Company | An OECD fund under NextEnergy Capital focused on solar infrastructure investments, classified as Article 9 under the EU SFDR. |
| ib vogt | Selling Company | Company | The original developer and seller of the 110MW solar PV project in Spain. |
| Antonio Salvati | Managing Director | Person | Managing Director of NextPower V ESG at NextEnergy Capital. |
| Andreas Schell | CEO of ib vogt | Person | CEO of ib vogt, involved in the sale of the Pato solar project to NextPower V ESG. |