NextEnergy Solar Fund with co-investment in Spain for the very first

NextEnergy Capital Group CEO and founder Michael Bonte-Friedheim joins Proactive London after signing its first co-investment transaction for a 25% stake in a Spanish 50 megawatt (MW) solar project currently under construction.

The energisation of the project, in Cadiz, is expected to take place in the first half of 2022. Once energised, the utility-scale project will benefit from a power purchase agreement for the sale of electricity with a high-credit counterparty for around 70% of contracted volumes for an initial five-year period.