NextEnergy Capital partners with Urban Grid as NextPower III acquires 46MWp of solar projects in Virginia, USA
NextPower III, NEC’s third solar fund investing globally is pleased to announce its first acquisition of two development projects in Virginia, USA totalling approximately 46MWp/34MWac.
• Two solar development projects are NextPower III’s first acquisition since its launch in November 2018
• NPIII has acquired the assets from Urban Grid, a leading developer of solar projects throughout the United States
• The two solar projects, Briel Farm (28MWp/20MWac) and Gardy’s Mill (18MWp/14MWac) are located in Henrico County and Westmoreland County, VA
These two projects represent NextEnergy Capital‘s first utility-scale solar venture in the United States for their new fund, NextPower III. The two solar projects will cover approximately 300 acres and generate electricity equivalent to the consumption of 9,785 homes.