NextPower UK ESG acquires its twelfth asset

London, 21 November 2024 – NextEnergy Capital is pleased to announce that NextPower UK ESG has acquired its twelfth asset, Staughton Solar Farm, raising NPUK’s portfolio capacity to 565MW.

Staughton Solar Farm is a high-quality 50MW operational solar asset located in Bedfordshire, UK that will be cash generating for NPUK from day one, whilst providing renewable electricity to approximately 12,500 UK households each year.  This acquisition marks NPUK’s twelfth acquisition into the Fund and its second acquisition during November.

NPUK now has 178MW of operating solar assets and co-located energy storage in the UK, making a tangible difference in providing clean generation to the UK’s energy mix.  NPUK has a further 387MW of solar and energy storage projects in construction or ready-to-build, alongside further near-term acquisitions in its pipeline.

NPUK continues to actively fundraise towards its hard cap having successfully secured total funds committed to date of £683m, c.37% above its target of £500m.  NPUK has several investors currently in late-stage due diligence with further capital expected to be closed in the following weeks.

Spyros Sfantos, Investment Director UK, NextEnergy Capital, commented:

“Staughton is a high-quality operating solar asset that represents NPUK’s twelfth portfolio acquisition.  NPUK’s total capacity has grown to an impressive 565MW since its launch in August 2022, we expect to see further growth in NPUK’s total capacity through the end of the year and into 2025 through further acquisitions. NPUK remains on track to outperform its return and dividend targets, with dividends to date being significantly above the target.”

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