NextEnergy Capital and Zouk connect additional 2 MWp photovoltaic projects to the national power grid in Apulia region

London/Milan, November 30^rd, 2011 – NextEnergy Capital (“NEC”) – the leading London-based merchant bank focused on the European renewable energy sector – and zouk Ventures (“zouk”) – a leading London-based investment manager focused in both “cleantech” industry and renewable energy – completed the realisation and the connection to the national grid of two new 1 MW photovoltaic parks in Apulia, through the co-owned company NextPower 2 (“NP2”).

The photovoltaic plants – 1MW each, realised with 9,072 REC Solar ground-mounted fixed modules – are located in Contrada Simoni and Contrada Grazia, two different areas in the Mesagne municipality, Brindisi province. The plants, already operating, will generate power of more than 70 million kWh during their life cycle, saving approximately 37,500 CO2 tons.

NextPower Development, the development company focused on developing photovoltaic plants and controlled by NEC, coordinated and carried out construction activities related to these two plants. The solar parks were built by Enerqos – one of the leading EPC and O&M operators in Italy –, will be maintained by the same company and managed by WiseEnergy, the first Italian company specialised in solar asset management.

The overall transaction investment, amounting to €10.6m, was carried out by NEC through its subsidiary NextPower Holding, a platform focused on investments in solar power plants. Furthermore, NextPower Holding financed the construction through a €9.3m leasing contract arranged by Leasint, the IntesaSanpaolo Group leasing subsidiary and one of NEC’s established financial partners. zouk acquired a 49% stake in NP2 from NextPower through zouk Solar Opportunities (“zSOL”), its subsidiary focused on solar park investments.

[tw_button link=”https://www.nextenergycapital.com/wp-content/uploads/2013/12/101130_np2-english-press-release_Final1.pdf” size=”medium” rounded=”false” style=”flat” hover=”default” color=” #ee8c00″ target=”_blank”]Read more[/tw_button]