Renewable energy-focussed investment fund NextEnergy Capital has reached an agreement to buy 12 solar power projects in Spain with an overall capacity of 248 megawatts (MW) and eyes more opportunities in the country, it said on Aug. 12.
The projects are in Spain's northeast and the investment is made via NextEnergy's NextPower V ESG fund, which did not disclose how much it paid for the portfolio.
"We expect to continue investing in Iberia through our Madrid office and as NPV ESG currently has multiple additional projects under advanced negotiation in the region," Antonio Salvati, managing director at NextPower V ESG, said in a statement.
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