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 4, 2025
Gamuda has partnered with landowners for a 1.2GW renewable energy and energy storage portfolio in Tasmania, Australia, which includes up to 600MW of energy storage capacity.
July 3, 2025
In Texas, Vitis Energy announces financial close of the Apache Hill Energy Centre while Enertis Applus+ provides independent engineering services for Excelsior Energy Capital.
July 3, 2025
Idaho Power’s updated integrated resource plan adds more solar, wind and energy storage than gas generation, while Public Service Company of New Mexico gets 450MW of solar and storage added to its resource application.
July 3, 2025
OptiGrid has partnered with Hepburn Energy to optimise a BESS at the 4.1MW Hepburn Wind Project in Victoria, Australia, using AI.
July 2, 2025
Utility company Ameren Missouri has filed an application with the Missouri public service commission (PSC) to construct a natural gas and battery storage facility in the state.

Most Popular

Email Newsletter