NextEnergy Capital's NextPower V ESG Fund has successfully acquired a 110MWp solar PV project in North-Eastern Spain, enhancing its operational capacity in the renewable energy market.

Information on the Target

NextEnergy Capital's recent acquisition involves a 110MWp solar photovoltaic (PV) project located in North-Eastern Spain. This significant addition marks the seventh investment by the NextPower V ESG Fund (NPV ESG). With this acquisition, the Fund's total commitments have surpassed 590MW, with an additional 525MW of solar PV and battery energy storage systems (BESS) currently under negotiation.

Among the 590MW in the portfolio, over 220MW is presently operational, while an additional 230MW is nearing the completion of construction. The expected operational timeline for the new assets is aligned with a strategic focus on enhancing renewable energy capacities in Europe and driving future growth in the Iberian market.

Industry Overview in Spain

Spain has seen a remarkable expansion in the renewable energy sector, particularly in solar energy. With abundant sunlight and supportive government policies, the country has become one of