Renewables Fund of the Year: NextPower III

NextEnergy Capital (NEC) is delighted to announce that NextPower III has won the prestigious international award of “Renewables Fund of the Year” in Environmental Finance’s Sustainable Investment Awards 2020. The Award demonstrates NextPower III’s rigorous implementation of the ESG principles which helps to maximise the funds’ performance.

NextPower III is a private ESG infrastructure fund established to invest in the international solar sector, specifically to fund the construction and long-term ownership of solar power plants. NextPower III’s target markets comprise mainly OECD countries. It currently has commitments of c.US$280m, and a target size of US$750m. NPIII currently owns six solar plants, for a total installed capacity of 384MW and has circa 800MW in exclusivity.

There is increasing recognition within the financial community in the value which Environmental, Social and Governance (ESG) factors play in determining risk and return in investments. The Sustainable Investment Awards 2020 honour investors and other players in the market who have been leaders in the field of sustainable finance.

The 2020 Sustainable Investment Awards had an exceptionally large number of very high-quality entries this year, double those of last year. The winners were selected by an advisory panel consisting of industry experts chosen for their knowledge, objectivity and credibility, along with the Environmental Finance editorial team.

“We are really delighted and honored to have received this international award which covers all renewables, not just solar” said Michael Bonte-Friedheim, Founding Partner and CEO of NextEnergy Capital. “We have a dedicated ESG team and manage our investments in a sustainable manner which is one of the reasons why we have such strong performance across all funds”.