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    NextEnergy powers up a 260MW solar project in the Iberian region

    NextEnergy Capital (NEC), via its NextPower 3 ESG fund, has activated two solar farms with a combined capacity of 260MW across Spain and Portugal. These include a 210MW solar facility situated in Santarem, Portugal, and a 50MW solar plant in Cadiz, Spain. Together, the Santarem and Agenor assets are expected to generate approximately 445 gigawatt hours annually.


    This development boosts NEC’s investment in the Iberian region to 356MW in operational capacity, with an additional 110MW under construction. The NextPower 3 ESG fund has fully utilized its raised capital after concluding its investment phase last year. Both Santarem and Agenor have secured long-term revenue streams via power purchase agreements with Statkraft, with the Santarem PPA being highlighted as the largest in Portugal to date by NEC.


    CEO and Founding Partner of NextEnergy Group, Michael Bonte-Friedheim, said “The portfolio continues to demonstrate our execution capabilities with the energisation of both Agenor and Santarem, adding 260MW of solar capacity in Iberia, one of the fund’s key target markets.”


    “NextEnergy Capital remains committed to driving the transition to clean energy and continues to add significant value to investors as the leading solar specialist investment manager in the renewables sector. We look forward to continuing this momentum with future capacity coming online across all of NextEnergy’s funds.”


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