The Finnish Renewables Investor Korkia has announced the sale of one of the projects of the development of the development of the development of development to NextPower UK.
The Development Company of Korkia, Climate Er Helio, a Joint Venture (JV) between Korkia and Solar Developer Climate there, has sold its Mere Flates Project, a 56 MWP Zonne-PV factory that has been imposed on NextPower Uk Capital, a Fund Behuild.
Located in South Yorkshire, it is the first of the Portfolio of the Nine project Solar and Battery Energy Storage System (Bass) of the JV in the United Kingdom to reach a ready-made phase, fully allowed and with the most important permits and land rights in place.
Korkia and Climate Er Helio were advised on the sale by PKF Francis Clark and TLT with supplier Due Diligence by GA Platicitors and Esmart networks.
Pauli Mäenpää, CEO of Korkia, said that the company has many projects that reach the ready-made phase this year after 2024 was “a record year for investments in the renewable sector worldwide”.
Korkia has an independent development frame of more than 130 projects over eight countries, with land -specific partnerships such as Climate Helio in the UK. In March last year it worked together with Solar Developer Global Consulting Energy To develop a 1GW Italian solar PV portfolioFocused on the development of Greenfield and Brownfield Solar PV.
Worldwide, the focus of Korkia is on utility scale on the basis of Solar PV, Bess and onshore Wind.
James Spooner, director of Climate Helio, said that the VK is an important market for Korkia and added that this is not the first transaction that the company completed with NextEnergy – the two are also closed in Spain and Chile.
Investment director UK for NexTeenergy Capital, Spyros Sfantos, noted: “While the British government increases the solar energy capacity from 16 GW to 70 GW by 2035, its nextpower UK and the team of Nextenergy Capital to conquer this growth.”
NextPower UK portfolio reaches 731 MW
Sfantos noted that the transaction marks the fifteenth acquisition of NextPower UK (NPUK), which brings the portfolio capacity of the fund to 731 MW. Last year it made three takeovers alone in November.
The fund was first launched in December 2021 and now has 249 MW Operational Solar assets in the UK. It says that it is on schedule to achieve more than 400 MW business capacity this year and that the Npuk portfolio, when it is fully used, will exceed the 1GW of the solar capacity.
Earlier this week, NextEnergy Capital announced that Npuk had collected £ 733 million in his last fundraising, almost 50% above the intended fundraising of £ 500 million. The National Wealth Fund (NWF) of the British government was the ‘Cornerstone’ investor in Npuk and invested £ 250 million based on match financing.
