Info
Info
News Article

NextEnergy Capital Acquires The First Phase Of A 108MWp Solar PV Project Under Construction In Mexico

NextPower III, NextEnergy Capital's third institutional solar fund, is pleased to announce its first acquisition in Mexico.
✓ First phase of the project is a 36.1MWp plant located in Guanajuato
✓ The 36.1MWp asset is in advanced stages of construction and is expected to be commissioned in the second quarter of 2020
✓ Long-term power purchase agreement in place with an investment grade corporate off-taker
✓ Second phase of the project for up to 108MWp expected to be commissioned by the end of 2020
✓ NextPower III's capacity in operation and under construction, across four projects is now 185.4MWp
✓ NextPower III has 11 projects under exclusivity with a total capacity in excess of 1GWp.
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 investment team is currently focusing its efforts to increase the portfolios in the USA, Latin America, Southern Europe and India, where NPIII have ongoing transactions, and expect to announce further acquisitions during the second quarter of 2020. Further regions will be added with the ongoing growth of NextPower III's capital base.
Filinto Martins, Investment Director of NextPower III, commented:
“This acquisition allows NextPower III to further increase its presence globally and enter the Latin America market where we have secured a significant pipeline of further opportunities. NextPower III is also in advanced execution on the second phase of the project for up to a total 108.3MWp later this year.”
Aldo Beolchini, Managing Partner and Chief Investment Officer, commented:
“We are particularly pleased to announce this transaction in the growing Mexican solar market. It testifies to the international execution capabilities of the NextEnergy Capital team, especially in the current difficult business climate. We continue to monitor the COVID-19 situation and are optimistic about the long-term prospects for the solar industry and for our NextPower III fund. We are on track to build a target portfolio for NextPower III of some 2.5GW installed solar capacity.”

New Innovation Set To Change Renewable Energy Market
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Habitat Enerdy Enters Balancing Mechanism With Largest Battery
FRV And Harmony Energy To Develop Second UK Utility Scale Battery Project
Power Roll Trials Solar PV To Power Up Himalayan Villages
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
UK Green Tech Company Myenergi To Double Workforce By 2021
Low Carbon Develop UK’s Largest Community-owned Solar Park
Ingenious Invests In Electric Vehicle Charging Firm
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
TLT Advises Santander On 30MW Flagship Battery Storage Project
Sharp Launches New 440W Half-cut Cell PV Panel
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
UK'S Largest Battery Ready To Balance The Grid
Tandem PV Devices Feel The Heat
Greencoat Renewables Announces First Transaction In Nordic Market
SOLARWATT Links With Easy Roof To Provide Building-integrated PV For Better-looking Buildings And Smart EV Charging
FIMER Powers UK Largest Rooftop Solar Project
Solar Power As Rental Offer Launched By Aggreko
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
The Smarter E South America Postponed To October 18-20, 2021
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project
TLT Advises Innova Energy On £30m Refinancing Of 57 MW Solar Portfolio
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event