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NextEnergy Capital launches new solar fund with $1.5b target
Energy - JANUARY 17, 2023

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NextEnergy Capital launches new solar fund with $1.5b target

by Kali Persall

NextEnergy Capital (NEC), a global solar specialist in the renewables sector, has launched its fifth investment vehicle focused on the solar sector — NextPower V ESG (NPV ESG) — with a target of $1.5 billion capital commitments and a $2 billion ceiling.

NPV ESG is a 10-year closed-ended vehicle that qualifies as an Article 9 Fund under the EU SFDR. The fund will primarily invest in OECD solar assets and adjacent technologies, such as energy storage, by focusing on geographies in which NEC has already built an investment track record and operating presence and expertise.

NPV ESG follows the success of its predecessor OECD international solar strategy, NextPower III ESG, which closed in January 2022 with $896 million in capital commitments, including an SMA, making this NEC’s largest private fund at that time. Since its launch, NPIII ESG has acquired 124 individual assets acr

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