NextEnergy Capital announces the acquisition of an Italian solar portfolio of 16.6 MW

UK-based renewable energy merchant bank NextEnergy Capital has signed a binding share purchase agreement with Italy-based Veronagest SpA to acquire the latter’s solar PV projects aggregating 16.6 MW for its private equity fund, NextPower II. The solar portfolio comprises five individual PV plants located in Sicily developed by US-based firm SunPower. These plants generate around 27.6 GWh of electricity per year, meeting the annual power requirement of 10,200 households.