NextEnergy Capital announced a successful second funding round for its investment vehicle, NextPower V ESG (NPV ESG), bringing the total committed capital to $745 million. NPV ESG, the firm’s OECD-focused solar and battery storage strategy, is targeting a $1.5 billion raise with a $2 billion hard cap. The recent $265 million haul included re-investment from an existing investor and contributions from a UK local government pension scheme, a Dutch pension fund, and others. The fund intends to build significant solar portfolios in target OECD markets and aims to divest by 2033. Initial investments include a utility-scale solar project in Highland County, Florida. NPV ESG highlights NextEnergy Capital’s commitment to sustainable investing and is expected to power up to 1.1 million households, bridging the gap toward cleaner energy solutions. With several assets under exclusivity, the fund continues its global fundraising efforts and investment strategy execution. Michael Bonte-Friedheim, CEO, and Shane Swords, Global Head of Investor Relations at NextEnergy Capital, both expressed satisfaction with the fundraising progress and investor reception, which have underscored the continued success of their investment strategies and positive impact on the energy transition.

Private Equity, Renewable Energy, Pension Funds,OECD Countries, United Kingdom, The Netherlands, United States