NextEnergy Capital introduces an updated Green Finance Framework

London, December 04, 2025 – NextEnergy Capital is pleased to announce that is has introduced an updated Green Finance Framework (“the Framework”). This updated Green Finance Framework continues to allow NEC to access capital at a reduction to market margins due to its sustainable business activities.

In November 2024, NEC introduced its first Green Finance Framework which was designed to help NEC to lead the transition to clean energy while also enabling the company to secure Green Loans at a reduced margin. The updated Framework announced today reflects the progress NEC has made in strengthening its sustainability governance and risk management over the last year, notably through its updated Sustainable Investment Policy and the introduction of NextEnergy Group’s new Sustainability Policies.

The updated Framework was again given a Second Party Opinion (“SPO”) by Standard & Poor’s (“S&P”), which validates documentation and the approach to Green Loans, and was awarded a Dark Green rating, the best possible rating awarded by S&P’s Shades of Green Analytical Approach. The SPO highlighted NEC’s leading approach to integrating nature into investment decisions, as well as its supply chain and climate change risk management. Moreover, the SPO did not find any weaknesses in NextEnergy Group’s Sustainability Framework, which NEC adopts in full. Indeed, NextEnergy Group was highlighted for its unique ability to reduce environmental risks across all stages of the solar value chain.

NextPower V ESG, an international OECD private solar+ fund targeting $1.5bn, was NEC’s first fund to leverage the original Green Finance Framework and SPO issued in November 2024. NextPower V’s most recent facility already benefits from a five-basis point margin reduction if all sustainability-linked conditions under the facility are met. Both existing and new investors across NEC’s managed funds will continue to benefit from NEC’s updated Green Finance Framework.

Additional benefits of the Framework include alignment with ESG goals, increased transparency and accountability, and support for long-term growth. By adhering to global best practices in sustainable finance methodologies, guidelines, and taxonomies, the Framework provides a transparent set of criteria for increasing capital allocation towards a low-carbon economy.

Ross Grier, Chief Investment Officer, NextEnergy Capital said:

“The Dark Green Rating awarded to our updated Green Finance Framework demonstrates that NEC continues to be recognised for its unwavering commitment to sustainability, and our dedication to driving positive environmental impact through responsible investment.”

Gabriele Formuso, Bank Relations Manager, NextEnergy Group said:

“Since issuing the first Green Finance Framework in November 2024, 550MWp of solar+ energy projects have already been financed under it. The updated Framework delivers the rigour and transparency demanded by lenders to ensure that they continue to channel capital towards project consistent with a low-carbon, climate resilient future. This is the future which NEC’s solar+ assets are driving.”

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