NextPower V ESG (NPV) is NEC’s fifth investment vehicle focused on the solar sector and is targeting capital commitments of $1.5 billion with a $2 billion ceiling.

NPV ESG offers investors the opportunity to earn attractive risk-adjusted returns from the solar PV infrastructure asset class, targeting mid double-digit returns while contributing to the decarbonisation of the power generation sector, reducing electricity prices and increasing energy security.

NPV ESG will primarily invest in OECD solar assets and adjacent technologies, such as energy storage, by focusing on geographies in which NEC has already built an investment track record and operating presence and expertise.

NPV ESG is a 10-year closed ended vehicle that qualifies as an Article 9 Fund under the EU SFDR.