NextPower V ESG, the fifth investment vehicle of NextEnergy Capital, has made its maiden acquisition — a 100-megawatt utility-scale solar project in Highlands County, Fla.
The asset is fully developed and is ready to build, with construction planned for the first quarter of 2024 and energization expected in the first half of 2025. The project will incorporate some of the latest advancements in solar technology, including bifacial solar modules and single-axis trackers, allowing the project to maximize irradiation exposure by tracking the sun.
“This marks a fantastic start to the fund, just six months after the first close, and is a real testament to the team and their hard work in progressing our attractive pipeline,” said Michael Bonte-Friedheim, CEO and founding partner of NextEnergy Group. “Given our market presence and experience in the U.S. and NPV ESG’s other target geographies, we expect to continue deploying the fund’s capital rapidly. This mileston