NextEnergy Capital has raised USD 974 million for its NextPower V investment strategy focused on utility-scale solar and battery energy storage projects across OECD markets, reflecting growing institutional investor interest in renewable energy infrastructure.
The fundraising marks a significant milestone for the company’s international solar and storage platform, which targets long-term investments in renewable energy assets across developed markets including Europe, North America, and other OECD regions.
According to the company, approximately 85% of the capital raised has already been deployed across eight transactions covering 127 renewable energy assets with a combined capacity of around 550 MW. The portfolio includes operational, under-construction, and ready-to-build solar and battery storage projects.
NextEnergy Capital stated that around 83% of the portfolio assets are currently operational, while 13% are under construction and the remaining projects are in the ready-to-build stage.
The NextPower V strategy focuses on investing in utility-scale solar generation and integrated battery energy storage systems (BESS), supporting grid flexibility, renewable energy integration, and long-term energy transition goals in key global markets.
The fund attracted participation from pension funds, institutional investors, and international financial institutions, highlighting continued investor confidence in renewable infrastructure as demand for clean energy and grid resilience solutions accelerates globally.
The company noted that battery storage is becoming an increasingly important component of renewable energy investment strategies, helping stabilize electricity networks and improve renewable energy utilization amid rising power demand and expanding clean energy deployment.
NextEnergy Capital’s broader renewable energy portfolio spans multiple countries including the United States, Italy, Spain, Portugal, Poland, Greece, Chile, and India.
The fundraising comes amid growing global investment in solar-plus-storage infrastructure driven by increasing electricity demand from digital infrastructure, industrial decarbonisation efforts, and long-term sustainability commitments from governments and corporations worldwide.
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