Our International Private Solar Fund Investments

Invested into NextPower III 15 March 2024 $50m
NextPower III Capacity 15 March 2024 1.8GW
NextPower III Assets 15 March 2024 173
NextPower III Geographies 15 March 2024 8
NextPower III Fund Size 15 March 2024 $896m
NESF Ownership of NextPower III 15 March 2024 6.21%
Co-Investments alongside NextPower III 15 March 2024 2

NextPower III ESG

As at 31 December 2023:

  • NextPower III ESG (“NPIII”) was launched by NextEnergy Capital in 2018 to target utility-scale solar in OECD countries
  • NESF made a $50m commitment into NPIII, a private solar infrastructure fund providing exposure to both operating and under construction, international solar assets
  • NPIII is targeting a gross investor IRR of between 13% and 15%
  • NPIII has acquired 1.8GW with 173 individual assets across the USA, India, Chile, Portugal, Spain, Greece, and Poland