NextEnergy Capital has reached a first closing of its NextPower II private equity fund. The first closing amounts to €150m and was provided by a leading UK-based institutional investor. NextEnergy Capital will be soliciting further capital contributions for the fund in short order.
NextPower II will invest in operating solar PV projects, principally in Italy. It will leverage the NextEnergy Capital Group’s unique market position in terms of track record in investing in solar projects and value creation through superior operating asset management activities.