NextPower UK ESG has confirmed two solar assets on the British utility scale with a combined generation capacity of 130 MW.
The investment fund for renewable energy, which manages NextEnergy Capital, has successfully brought the 70 MW inkersall project and the 60mw Crifton Development online, bringing the operational capacity of the 318 MW portfolio. Both projects are in Nottinghamshire and both successfully secure contracts for difference (CFDs) in Allocation Round 4 (AR4), which took place in July 2022.
NextPower UK ESG currently owns 16 assets in its development sport folio with a total capacity of 764 MW in both utilities on solar energy and battery energy storage system (BESS). The fund has stated that this summer it will ratify three more British assets to bring its total operational capacity to 419 MW; These are the 21MW Chapel Solar Project, the 13MW Bindwell Solar Project and the Hather Herden Development, which combines a 60 MW solar PV energy plant with a 7mw co-located Bess.
In commentary on the energy during an opening ceremony at the Inkersall Solar PV Power Plant, said Ross Grier, Chief Investment Officer at NexTeenergy Capital, which underlines the energy ‘ [the firm’s] Leadership in supplying clean, safe and sustainable energy for the UK “. He added that the company was” perfectly positioned “for future investments and institutional investors and British pension funds encouraged” a cleaner, more resilient energy search for our communities “.
NextPower UK has forged an important presence in the British sun sector. In March of this year, It closed its last fundraising nearly 50% above the goal, As a result of which £ 733 million arrives. Of these, the UK’s National Wealth Fund was named the “Cornerstone” investor, who contributed £ 250 million on the basis of competition financing, in which various British government pension pools also participated in this financing round.
Later that same month, NextPower UK has acquired the mere flates Project of Finnish renewable investors Korkia. The project, based in Yorkshire, has a 56 MWP Solar PV electricity plant plus a 16 MW Co-located Bess and is located in the ready-made development phase.
The previous year, the fund also reached the headlines; in October 2024, NextPower UK ESG signed one of the largest sleeves Power Purchase Agreements (PPA) for the Llanwern Zonne energy plant in Zuid -Wales. Anglian Water Services signed a 20-year-old inflation-linked deal with NextPower UK ESG, which covers 90% of the electricity from the project and all associated certificates for renewable energy guarantees of origin (Rego).
