NextEnergy Capital (NEC), a global renewables manager specializing in the solar and energy storage infrastructure sector, has announced it has secured total commitments of $974 million to NEC’s international strategy, comprised of the total commitments received following the final close of NextPower V as well as sizeable commitments for co-investments in the NextPower V strategy.
The final close marks a significant milestone for NEC’s latest international strategy, reflecting strong global investor demand for contracted solar and energy storage infrastructure across its OECD target markets. The strategy brings together a diverse institutional investor base including repeat investors from previous NextEnergy strategies.
The latest and final commitments to NextPower V of $125 million come from a large U.K. LGPS pension fund and a major Japanese institution. NEC welcomed several existing investors from NextEnergy III and NextEnergy UK I into NextPower V over the fundr
