NextEnergy energises two solar farms
The two power plants are located on the Iberian peninsula, in Spain and Portugal.
Image for illustration purposes.
UK, London: NextEnergy Capital (NEC) has energised two solar farms with a capacity of 260 MW in Spain and Portugal through its NextPower 3 ESG fund. The first solar farm is located in Santarém, Portugal, and has a capacity of 210 MW, while the other one, dubbed Agenor, is in Cádiz, Spain, and has a capacity of 50 MW. Together, they will produce around 445 GWh annually.
This means that NEC now has 356 MW of operational assets on the peninsula, while another 110 MW are still in construction. The NextPower 3 ESG fund completed its investment period last year and has committed all of its raised capital.
Both Santarem and Agenor benefit from long-term contracted revenues through power purchase agreements (PPAs) with Statkraft. NEC announced that the PPA covering Santarem is the largest in Portugal to date.
Source: renews.biz
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