NextEnergy Capital Secures Italy's Largest Agrivoltaic PV Project
Deal News | Aug 05, 2025 | NextEnergy Capital Ltd
NextEnergy Capital (NEC), a leading global renewables manager, has announced the acquisition of a 73MW advanced Agrivoltaic PV project in Campania, Italy. This marks the largest AgriPV project in Italy to date, with 140 hectares, of which at least 70% is dedicated to agricultural activities. The project was awarded a 20-year contract for difference from the GME DM Agrivoltaico Auction. It is NextPower V ESG's eighth investment, increasing its committed capacity to 670MW, with plans to surpass 1GW pending ongoing negotiations. The project is supported by the Italian agriculture and environmental associations, Coldiretti and Legambiente, offering significant benefits including land productivity enhancement, water conservation, and diversified income streams for local farmers. NextEnergy Capital's strategy underscores sustainability and innovation, with the firm maintaining a robust contracted revenue model and a substantial footprint in Italy.
Sectors
- Renewable Energy
- Agriculture
- Financial Services
Geography
- Italy – The acquisition took place in Campania, Italy, which is a key strategic location for the Agrivoltaic project and NextEnergy's operations.
- United Kingdom – NextEnergy Capital is a company that may have operations or origin in the UK and has received investment from UK entities.
Industry
- Renewable Energy – The article involves the acquisition of a solar power project by a renewable energy manager, focusing on solar infrastructure.
- Agriculture – The project integrates agricultural practices with solar energy generation, indicating a strong relevance to the agricultural sector.
- Financial Services – Involves investment activities and fund management by NextEnergy Capital, a financial entity specializing in renewable energy investments.
Financials
- $843 million – Total commitments secured by NextPower V ESG including co-investments.
- 20-year contract – Contract for difference awarded for the project's energy output.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NextEnergy Capital Ltd. | Acquirer | Company | Global renewables manager specializing in solar infrastructure. |
| GME DM Agrivoltaico Auction | Contract Provider | Government | Conducts auctions for contracts for difference in Italy. |
| Coldiretti | Supporter | Charity | Italy's largest agricultural farmer association. |
| Legambiente | Supporter | Charity | An Italian environmental organization. |