Solar energy and infrastructure investor NextPower UK ESG (NPUK) has powered its third utility-scale solar installation, increasing operational capacity to 139 MW.
The 24 MW Pentlow project in Essex became the organisation’s third solar farm to be powered in Britain. NPUK has a portfolio of ten UK utility-scale solar assets with a combined capacity of 497 MW.
NPUK’s other operational solar assets include the 75MW Llanwern solar farm in South Wales and the 40MW Strensham project in Worcestershire.
The remaining assets in the portfolio are under construction or ready to be built. The Fund recently signed an EPC contract for its tenth acquisition, Hatherden, a 60MW solar and energy storage project in Hampshire, which has started construction.
Michael Bonte-Friedheim, CEO and Founder of the NextEnergy Group, said: “I am pleased that the NPUK portfolio continues to make solid progress. Pentlow is a fantastic asset that has been activated in time to become the Fund’s third operational solar asset.
“The UK currently has around 16 GW of operational utility-scale solar deployed, of which NextEnergy Capital Funds account for over 1 GW. I look forward to seeing further progress across the portfolio as NPUK’s other assets continue to deliver energy and become an important part of the UK’s clean energy mix.”
NextPower Capital confirms that NPUK ESG has raised approximately £600 million from investors
Following NPUK’s strong opening year, London-headquartered NextEnergy Capital has strengthened its global solar and storage pipeline.
In October 2023, NextPower confirmed that NPUK’s total fundraising was approximately £600 million. Solar and battery storage-focused fund NextPower V ESG secured $110 million (£85.75 million) in capital funding in March, including £77.9 million from a European pension fund.
