Our International Private Solar Fund Investments

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

NextEnergy III

As at 31 December 2023:

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