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.”

RES Keeps The Lights On For 600,000 Homes During Lockdown
NREL Helps Establish Perovskite Consortium
SOLARWATT Reports Rising Demand And The Most Successful Quarter In The Company’s History
US Team Demonstrates Promising Solar Cell Compound
Perovskite Cells Pass IEC Heat And Humidity Tests
3D-printed System Can Test Perovskite Solar Cells In Minutes
Water-splitting Module: A Source Of Perpetual Energy?
HZB Develops CIGS-Perovskite Tandem Cell
Greencoat Solar To Acquire 156MW Portfolio From BlackRock Real Assets And Lightsource Bp
Carbon Neutral Vs Carbon Negative: What’s The Difference?
BYD Announces Compatibility Of Battery-Box Premium Series With KOSTAL
Over 10GW Of Renewables Projects Could Be Competing In The Next CfD Round
Next-gen Solar Cells Take The Heat And Maintain Efficiency
Schneider Electric Partners With Sustainable Ventures To Launch The Net Zero Home Programme
Record Solar Outputs Help UK To Reach Longest Coal-free Period Since Pre-industrial Times
Towards Lead-free Stable Perovskite Solar Cells
NREL Six-Junction Cell Sets Efficiency Records
Tesvolt Supplies Storage Systems For Europe’s Largest Electric Car Charging Park
Trailar Chooses Souriau For Its Mobile Solar Solutions
CdTe Solar Cells Are Better For The Planet Than Silicon
Global Solar Council Engages Solar Businesses To Track Effects Of COVID-19 Emergency And Understand Possible Scenarios
A Simple Way To Detect Tiny Imperfections
SMA Inverters Featuring Integrated Yield Optimization Outperform Module Optimizers
Efficient QD Solar Cells Exploit Defects

Search the news archive

To close this popup you can press escape or click the close icon.
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: