Germany-based Hamburg Commercial Bank AG has provided a $50 million revolving credit facility to NextEnergy III. The fund, formerly known as NextPower III ESG, was launched in 2018 and is managed by NextEnergy Capital. It is focused on international solar infrastructure across OECD countries. NextEnergy III has invested in 167 assets with a combined capacity of about 1.8 GW. Company data indicated that 2 GW of solar capacity was able to avoid 2 million tonnes of CO₂ annually. This reduction was equivalent to supplying electricity to around 1.3 million homes each year. The facility was intended to optimise the fund’s capital structure. It was also designed to support flexible investment responses while ensuring efficient cash flow management.