NextPower UK Expands Solar Capacity with 130 MW Addition in Nottinghamshire

NextPower UK ESG (NPUK), managed by NextEnergy Capital, has launched the 70-MW Inkersall and 60-MW Crifton solar parks in Nottinghamshire, UK, thereby increasing the fund's operational capacity to 318 MW. As of now, NPUK has secured GBP 733 million in commitments and has developed a portfolio of 16 assets with a total capacity of 764 MW. The fund aims to further increase its operational capacity to 419 MW with the commissioning of three additional assets over the summer.

Launched in December 2021 with initial funding from the UK Infrastructure Bank, now known as the National Wealth Fund, NPUK has also received support from UK Local Government Pension Schemes (LGPS). The Inkersall and Crifton solar parks, which have contracts for difference (CfDs) from the UK's Allocation Round 4, are situated within the LGPS catchment area, contributing both green energy and economic benefits locally. A successor fund, NextEnergy UK II, is set to be launched in the near future.