NextEnergy Capital has launched a $100 million platform to invest in community solar projects in the United States.
NextEnergy has also acquired a 100-megawatt portfolio of projects in New York state on behalf of its NextPower III fund. This marks the fund’s third acquisition in the United States.
NextPower III’s investment strategy is to acquire solar power plants at the ready-to-build status or in operation across high-growth international markets. The firm said the New York portfolio is expected to be fully constructed and operational within 18 months.
“This is the second transaction we executed in a short time, following the 36.1-megawatt project in Mexico announced on March 30, 2020, testifying [to] our international execution capabilities, especially in the current difficult business climate,” noted Aldo Beolchini, managing partner and CIO. “Our investment activities are proving to be quite resilient vis-à-vis the COVID-19 situation, and we are