NextEnergy Capital has reached a second closing of its NextPower II private equity fund. The first closing amounts to €150m and was provided by a leading UK-based institutional investor; at second closing the fund has commitments totalling €184m.
NextPower II is investing in operating solar PV projects in Italy. To date it has acquired 45 individual operating solar plants in the country. It continues to 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.