NextEnergy Capital (NEC) has announced that his private fund aimed at new construction in the VK Solar, NextPower UK ESG (NPUK) £ 733 million collected in his latest fundraising, almost 50% above goal.
Npuk offers cash flow for investors because of its portfolio of new-build scale on solar energy on solar energy in the UK. The goal funds was £ 500 million, and the National Wealth Fund (NWF) of the British government was the ‘cornerstone’ investor in NPUK and invested £ 250 million based on match financing.
NEC said that the fundraising period saw various new investors, including local government pension pools. Npuk was previously supported by the UK Infrastructure Bank, which was folded under the current government in the NWF and has already received investments from the British public pension pool of the border with Coast Pensions border. British local government pension schemes, including LGPS Central, the Merseyside Pension Fund and the Brunel Pension Partnership, have previously contributed to the closures of Npuk ESG.
Npuk has used more than 70% of his dedicated capital so far and has recently taken over his 15one Asset, which brings his portfolio capacity to 731 MW. It has 249 MW operational solar assets in the UK.
The investment manager has another 482 MW of projects for solar and energy storage in development or ready-made and says that it is on schedule to achieve more than 400 MW business capacity this year. When it is fully implemented, Npuk says that the 1 GW will exceed the solar capacity.
Michael Bonte-Friedheim, CEO of the group and founder of Nextenergy Group said that Npuk proves the question of investors for “this kind of strategy”.
He continued: “The United Kingdom remains an attractive and deep market to use solar energy scale on solar energy and there is an important chance due to the British clean energy ambitions for investors to conquer this growth with the right implementation partners. In the meantime, NextEnergy Capital will launch a new follow -up strategy at the beginning of this summer, NextEnergy UK II. “
Head of portfolio management at the National Wealth Fund, Stuart Nivison, said: “Today’s announcement shows the impact of our investments perfectly. Catalytic Capital that is used by the National Wealth Fund in the future can help mobilize institutional investments in clean energy projects in the United Kingdom, stimulating growth and offering more capacity to drive houses and companies. “
Solar Investments of the National Wealth Fund
At the end of January, Chancellor of the Treasury Rachel Rachel revealed that the NWF would invest in Cornish metals, which could call critical minerals needed for the production of solar panels and could call Zero the “industrial chance of the 21st century”.
The NWF, a government -supported investment mechanism, according to Reeves, Because the state plays a “crucial role” in securing the necessary investment For the growth of the renewable energy industry, a £ 28 million stock investment in Cornish metals has promised to help the Tinwinningsbedrijf to restore the activities in the southwest.
NWF has also invested £ 65 million in EV -loading platform CONB connected as part of its role in the Dcarbonising UK industry. However, it was recently announced that the assignment would be adjusted to enable it to invest in the defense industry. More The coverage of this can be found on our sister site” Current ±.
