NextEnergy Capital raises US$110 million for Europe/US solar and storage fund

LinkedIn
Twitter
Reddit
Facebook
Email

Investor NextEnergy Capital has received a US$110 million capital commitment for its solar PV and energy storage-focused fund, NextPower V ESG (NPV ESG).

The fund secured an additional US$100 million (£77.9 million) in capital from a European pension fund, joining existing NPV ESG investors KLP, a German occupational pension fund and a large Nordic pension fund. The fund expects to welcome further capital in the near future.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

NPV ESG’s 18GW pipeline includes projects in Spain, Poland, Italy, Canada and the US. The capital commitment brings the fund’s total to date to US$580 million, a third of the way to the US$1.5 billion target (with a US$2 billion) hard cap.

According to Shane Swords, NextEnergy Capital managing director and global head of investor relations, the new funding will “further accelerate the fund’s positive momentum and growth”. 

Swords said: “NextPower V ESG is our largest international fund to date which will provide a real impact and tangible benefits to the communities and countries where its assets are located whilst also providing an opportunity for investors looking for strong and stable renewable energy returns.”

To see the original version of this article go to Solar Power Portal.

Read Next

July 25, 2025
Estuary Power has commenced operations of the 185MW solar, 400MWh battery energy storage system (BESS) Escape project in Lincoln County, Nevada, US.
July 24, 2025
CEA has recently released two battery energy storage system (BESS) reports for Q2 2025, the Energy Storage System Price Forecasting Report and the ESS Supply, Technology, and Policy Report.
Premium
July 24, 2025
Steady price falls the past few years have made lithium-ion BESS a real contender for long-duration energy storage (LDES), and that is now reflected in global project pipelines.
July 23, 2025
Optimiser GridBeyond, over the summer, began operating the 200MW/400MWh Big Rock Battery Energy Storage System (BESS) in El Centro, California, with Gore Street Energy Storage Fund (GSF).
July 23, 2025
Three companies, Ultion Technologies, Ultium Cells and SK On have recently announced plans to begin manufacturing lithium iron phosphate (LFP) battery cells in the US.

Most Popular

Email Newsletter