- NextEnergy kicks off a new renewables development business.
- The utility plans to develop 5GW of assets in three regions.
London-based NextEnergy Group has announced the launch of a renewables development business called Starlight. The utility aims at developing 5GW of assets within three years in different regions, including the Americas, Europe and Asia.
According to a report by Renewablesnow, Starlight will initially focus on early-stage photovoltaic (PV) projects in NextEnergy Group markets with expansion plans into energy storage, onshore and offshore wind, and green hydrogen projects. Within the group, it has been reassigned a team of over 30 professionals and about 2.2GW of solar PV projects at different stages of development and operating facilities in Italy and the UK.
The company highlighted ongoing projects in the US, Poland, Spain, Chile, and India, including the 75-MWp Strensham solar plant in the UK and several agrivoltaic solar projects. NextEnergy Group encompasses investment manager NextEnergy Capital, which has started four solar funds so far. It also includes operating asset manager WiseEnergy and is now adding a project development unit.
According to Aldo Beolchini, group CIO and head of development at Starlight, the new business is “a natural evolution as the group has been successfully developing solar assets since 2008.”