Next Energy Capital signs acquisition of 102.5 MW operating solar plant in North Carolina, USA
Post date: 23/10/2019 - 10:34
UK based investor Next Energy Capital’s institutional solar fund Next Power III acquired a solar power plant in die US with an installed capacity of 102.5 MW, commissioned in September 2018 and located in Cabarrus County, North Carolina. Next Power III’s capacity in operation and in pre-construction increases to 148.5 MW. Solar projects owned by Next Energy Capital’s managed vehicles amount to 187 individual plants for an installed capacity in excess of 1,000 MW.
The company is currently focusing its efforts on building large solar plant portfolios in the USA, Mexico, southern Europe and India, and expects to announce further transactions during the fourth quarter of 2019. According to Michael Bonte-Friedheim, CEO and founding partner of Next Energy Capital, the intention is »to leverage our presence in the sector and associations with leading solar companies to build a target portfolio for Next Power III of some 2.5 GW installed solar capacity.«