NextEnergy Capital has acquired the largest Agrivoltaic PV project in Italy, a 73MW facility in Campania, which embodies a commitment to sustainable agriculture and renewable energy generation.

Target Information

NextPower V ESG (NPV ESG), a fund managed by NextEnergy Capital (NEC), has successfully acquired a 73MW advanced Agrivoltaic PV project located in Campania, South-Eastern Italy. This acquisition is noteworthy not only because it is the largest Agrivoltaic project in Italy to date, but also marks NPV ESG's most significant transaction in the Italian market. Once operational, the project intends to restore 140 hectares of land, with a commitment to retain at least 70% of this area for agricultural activities while simultaneously generating clean electricity through solar energy.

Moreover, the project has secured a 20-year contract for difference from the GME DM Agrivoltaico Auction, ensuring that 100% of its energy output is financially backed. The acquisition signifies NPV ESG's robust strategy of investing, increasing its total committed capacity to 670MW, of which approximately 220MW is already operational. An additional 230MW is expected to become operational soon, with further negotiations underway for 451MW in Solar PV and Battery Energy Storage Systems (BESS), potentially exceeding 1GW of committed capacity in the near future.

Industry Overview in Italy

Italy's renewable energy sector stands out in Europe, particularly with its ambitious efforts toward the transition to clean energy sources. Supported by favorable policy frameworks, the country has developed a strong in