Staughton: NextEnergy Capital Boosts Portfolio with 12th Acquisition
Deal News | Nov 21, 2024 | NextEnergy Capital Ltd
NextEnergy Capital Ltd., through its NextPower UK ESG fund, has acquired its twelfth asset, the Staughton Solar Farm, enhancing its renewable energy portfolio. With this acquisition, the NPUK portfolio capacity has increased to 565MW, with Staughton adding 50MW of operational solar capacity in Bedfordshire, UK. This move is part of NPUK's broader strategy of increasing clean energy supply, with a total of 178MW of operating solar assets and co-located energy storage in the UK. They also have an additional 387MW of solar and storage projects in development. The fund has successfully secured £683 million, surpassing its initial target of £500 million by 37%. Investors are in later stages of due diligence, with further investments expected soon. The acquisition aligns with NPUK’s objectives to outperform return and dividend targets, with current dividends already exceeding expectations.
Sectors
- Renewable Energy
- Private Equity
Geography
- United Kingdom – The acquired asset, Staughton Solar Farm, is located in Bedfordshire, UK, and contributes to the UK's energy mix.
Industry
- Renewable Energy – The acquisition involves a solar farm, contributing to the renewable energy sector, particularly solar power and energy storage.
- Private Equity – NextEnergy Capital operates as a private equity firm managing investments in renewable energy projects.
Financials
- 683m – Total funds committed to date by NPUK, surpassing the target of 500m by approximately 37%.
- 565MW – Total portfolio capacity of NPUK after acquiring Staughton Solar Farm.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NextEnergy Capital Ltd. | Private Equity Firm | Company | A private equity firm specializing in clean energy investments. |
| NextPower UK ESG | Fund | Company | A fund managed by NextEnergy Capital focused on acquiring and managing solar and renewable energy assets in the UK. |
| Staughton Solar Farm | Target | Company | A 50MW operational solar asset located in Bedfordshire, UK, recently acquired by NPUK. |
| Spyros Sfantos | Investment Director UK | Person | Investment Director at NextEnergy Capital overseeing UK operations. |