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NextPower V ESG makes first acquisition in Poland
Transactions - MAY 13, 2024

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NextPower V ESG makes first acquisition in Poland

by Kali Persall

NextPower V ESG (NPV ESG), an OECD-focused solar and battery storage strategy managed by NextEnergy Capital (NEC), has made its first acquisition in Poland.

The acquired portfolio consists of 65.6 megawatts of operating plants and benefits from 100 percent contracted revenues that are CPI linked for at least 15 years after they were awarded a contract for difference through the domestic renewable-energy auctions. NEC said the portfolio was acquired from an experienced investor and developer of renewable-energy projects that manages more than 2 gigawatts of projects in various stages of development in the region, but did not disclose financial details of the transaction.

Targeting $1.5 billion with a $2 billion hard cap, NPV ESG recently secured a $265 million second close after receiving investment commitments from a U.K. LGPS investment pool, a Dutch pension fund and an existing NPIII ESG investor, bringing the fund to $745 million (including $150 million for co-inves

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