NeXtWind has invested more than $50 million in wind energy projects in northern Germany. The projects have a combined capacity of 70 megawatts, and an average age of 14 years.
The new acquisitions were made following the company’s debut fundraising round that secured $100 million from institutional investors and family offices.
In February, NeXtWind launched a strategy aimed at acquiring and rejuvenating “teenage” wind farms in Germany that are reaching the end of their regulatory life. The company will either repower or conduct lifetime extension work on the assets, with the goal of revamping a portfolio of more than 1 gigawatt of wind parks.
“We’re off to a flying start as we progress toward our strategic goal of acquiring, rejuvenating and operating a 1-gigawatt portfolio of clean energy assets,” said Lars Meyer, CIO at NeXtWind. “Ownership of these aging pr
