NextPower UK ESG has acquired the Locks Solar Farm, increasing its portfolio capacity to 515.5MW as part of its strategy to expand in the UK renewable energy market.

Target Information

NextPower UK ESG (NPUK), a private solar fund focused on the United Kingdom, has reached a significant milestone with the acquisition of its eleventh utility-scale solar project, Locks Solar Farm. This strategic acquisition elevates NPUK's total portfolio capacity to 515.5MW. Located in Hampshire, Locks Solar Farm represents an 18.5MW ready-to-build project that has successfully procured a contract under the sixth allocation round of the UK Government's Contract-for-Difference (CfD) auction. The fixed price secured for solar generation is approximately £50, thus ensuring stable revenue for the project.

This acquisition enhances NPUK's diverse portfolio, which now comprises eleven utility-scale solar and battery energy storage system (BESS) assets throughout the UK. The Fund is committed to delivering renewable energy solutions that contribute to the UK’s energy transition and sustainability goals.

Industry Overview

The renewable energy sector in the UK has witnessed significant growth, particularly in solar energy production, following government initiatives designed to stimulate low-carbon generation. The intro