NextEnergy Capital’s NextPower UK (NPUK) ESG fund has raised £653 million, exceeding its target by 30%. Key investors include London LGPS CIV Limited, LGPS Central Limited, and pension funds from the Middle East and Japan. The UK Infrastructure Bank provided £250 million in cornerstone funding. The fund supports solar PV projects across local jurisdictions, aligning with leveling up initiatives. With operational and under-construction assets exceeding 75% of capacity, NPUK is poised to exceed return expectations, having already distributed two payments to investors surpassing targets. Upon full deployment at 2 GW capacity, NPUK will generate clean energy for approximately 500,000 UK households annually, reinforcing its significant ESG impact.
NextPower UK ESG secures major funds
NextPower UK ESG focuses on acquiring utility-scale solar and battery storage assets for predictable cash yields through contracted strategies. (Image Credit: NextEnergy)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)