<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>NextEnergy Capital Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/tag/nextenergy-capital/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/tag/nextenergy-capital/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Tue, 08 Oct 2024 07:26:30 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>NextEnergy Capital Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/tag/nextenergy-capital/</link> <width>32</width> <height>32</height> </image> <item> <title>NextPower Secures 20-Year Solar PPA with Anglian Water</title> <link>https://theelectricityhub.com/nextpower-secures-20-year-solar-ppa-with-anglian-water/</link> <comments>https://theelectricityhub.com/nextpower-secures-20-year-solar-ppa-with-anglian-water/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 08 Oct 2024 07:26:09 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[energy needs]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[NextEnergy Capital]]></category> <category><![CDATA[Solar Farm]]></category> <category><![CDATA[sustainable future]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=94832</guid> <description><![CDATA[<p>NextPower UK ESG, a subsidiary of NextEnergy Capital, has signed a 20-year electricity sales agreement with Anglian Water. The deal covers 90% of the electricity from Llanwern Solar Farm, the… </p> <p>The post <a href="https://theelectricityhub.com/nextpower-secures-20-year-solar-ppa-with-anglian-water/">NextPower Secures 20-Year Solar PPA with Anglian Water</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>NextPower UK ESG secured a 20-year deal with Anglian Water to supply 90% of electricity from the 75 MW Llanwern Solar Farm, the largest in the UK.</li> <li>The “sleeved” PPA involves EDF managing and stabilising the power, with SSE delivering the energy directly to Anglian Water.</li> <li>The agreement supports Anglian Water’s decarbonisation goals and guarantees NextPower stable, inflation-linked revenue.</li> </ul> <p>NextPower UK ESG, a subsidiary of NextEnergy Capital, has signed a 20-year electricity sales agreement with Anglian Water. The deal covers 90% of the electricity from <a href="https://energynews.pro/en/nextenergy-signs-a-20-year-ppa-for-the-uks-largest-solar-farm/">Llanwern Solar Farm</a>, the UK’s largest solar farm.</p> <p>Llanwern Solar Farm, located in Newport, Wales, spans 260 acres and generates 75 megawatts (MW) to power over 20,600 homes annually. Anglian Water entered this agreement, one of the UK’s largest Power Purchase Agreements (PPA), to meet its decarbonisation targets while securing stable, inflation-linked revenue for NextPower.</p> <p>The contract uses a “sleeved” PPA model. NextPower sells the solar energy to EDF, which manages and stabilises it, converting it into consistent energy blocks. EDF then sells these blocks to SSE, which directly supplies the electricity to Anglian Water. This setup aligns Anglian Water’s <a href="https://theelectricityhub.com/?s=energy+needs">energy needs</a> with a reliable renewable source.</p> <p>This agreement turns intermittent solar power into a predictable energy resource. The structure provides Anglian Water with secure, traceable <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> while ensuring a steady cash flow for NextPower. David Riley, Head of Carbon Neutrality at Anglian Water, praised the deal for delivering renewable energy with “direct physical traceability” to the solar farm, enhancing transparency.</p> <p>NextPower UK ESG focuses on solar energy and energy storage projects. Since its 2022 launch, the company has acquired and developed solar assets and battery storage systems, generating revenue through long-term contracts. NextPower’s fund has exceeded expectations, delivering two profit distributions and significant net asset value growth.</p> <p>The Llanwern Solar Farm strengthens NextPower’s portfolio, offering a reliable income source while advancing the UK’s <a href="https://theelectricityhub.com/?s=clean+energy+goals">clean energy goals</a>. Michael Bonte-Friedheim, CEO of NextEnergy Capital, highlighted the importance of this agreement, stating, “NextPower UK ESG plays a key role in the UK’s carbon neutrality efforts and <a href="https://theelectricityhub.com/?s=energy+security">energy security</a>.”</p> <p>This deal underscores the growing role of renewable energy in the UK’s power sector. Innovative energy models now offer reliable, long-term solutions for large consumers like Anglian Water while pushing the country toward a more <a href="https://theelectricityhub.com/?s=sustainable+future">sustainable future</a>.</p> <p>The partnership between NextPower, EDF, and SSE illustrates how collaboration drives progress in the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a>. Their efforts ensure Anglian Water receives renewable energy that aligns with its consumption needs, helping it achieve <a href="https://theelectricityhub.com/?s=carbon+neutrality">carbon neutrality</a>.</p> <p>As energy costs rise and climate change concerns grow, long-term renewable energy contracts like this demonstrate their value. Companies seeking <a href="https://theelectricityhub.com/?s=sustainable+energy+solutions">sustainable energy solutions</a> will increasingly turn to models like the NextPower-Anglian Water agreement, shaping the future of the UK’s energy landscape.</p> <p>NextPower’s success with this deal sets a strong precedent for future <a href="https://theelectricityhub.com/?s=solar+projects">solar projects</a> and PPAs in renewable energy. This agreement shows that solar energy and innovative contract models will play a central role in the future of the UK’s energy industry.</p> <p>The post <a href="https://theelectricityhub.com/nextpower-secures-20-year-solar-ppa-with-anglian-water/">NextPower Secures 20-Year Solar PPA with Anglian Water</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/nextpower-secures-20-year-solar-ppa-with-anglian-water/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title> NextPower UK Secures 20-Year PPA</title> <link>https://theelectricityhub.com/nextpower-uk-secures-20-year-ppa/</link> <comments>https://theelectricityhub.com/nextpower-uk-secures-20-year-ppa/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Sun, 06 Oct 2024 17:48:10 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[NextEnergy Capital]]></category> <category><![CDATA[Solar Energy]]></category> <category><![CDATA[UK]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=94740</guid> <description><![CDATA[<p>NextEnergy Capital (NEC) has announced that NextPower UK ESG (NPUK ESG) has signed one of the UK’s largest solar-sleeved power purchase agreements (sleeved PPA) to date. The sleeved PPA is… </p> <p>The post <a href="https://theelectricityhub.com/nextpower-uk-secures-20-year-ppa/"> NextPower UK Secures 20-Year PPA</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">NextEnergy Capital (NEC) has announced that NextPower UK ESG has signed one of the UK’s largest solar-sleeved power purchase agreements.</li> <li class="">NPUK ESG is a private UK solar fund that focuses on acquiring utility-scale solar and battery storage (BESS) assets at the ready-to-build stage, constructing them through energisation, and building a large operating portfolio of solar and BESS assets.</li> </ul> <hr class="wp-block-separator has-alpha-channel-opacity"/> <p class="">NextEnergy Capital (NEC) has announced that NextPower UK ESG (NPUK ESG) has signed one of the UK’s largest<a href="https://theelectricityhub.com/?s=+solar"> solar</a>-sleeved power purchase agreements (sleeved PPA) to date. </p> <p class="">The sleeved PPA is a 20-year inflation-linked contracted revenue agreement that covers 90 per cent of the electricity and any associated Renewable Energy Guarantees of Origin certificates (REGOs) generated by the Llanwern solar farm. It is currently the UK’s largest operating solar farm, with an installed capacity of 75 MW.</p> <p class="">Llanwern solar farm in Newport, Wales, was one of NPUK ESG’s first seed assets. With an installed capacity of 75 MW, the equivalent of powering an estimated 20,606 homes per year, it remains the largest solar farm constructed and energised in the <a href="https://theelectricityhub.com/?s=+UK">UK</a> to date, covering 260 acres.</p> <p class="">The sleeved PPA is a four-way physical contract that involves NPUK ESG selling power to Anglian Water Services (AWS) with the involvement of both EDF in the UK and SSE. The agreement works through EDF, taking power generated by Llanwern, which is then balanced, firmed, and converted, changing the intermittent generation into baseload blocks of power. </p> <p class="">Then, it is sleeved to AWS via their energy supplier, SSE. This innovative structure allows the renewable generated solar profile to reliably match the energy profile required by AWS, helping them towards their decarbonisation targets.</p> <p class="">NPUK ESG is a private UK solar fund that focuses on acquiring utility-scale solar and battery storage (BESS) assets at the ready-to-build stage, constructing them through energisation to build a large operating portfolio of solar and BESS assets. </p> <p class="">Once the assets are operational, NPUK monetises the power generated through a contracted strategy, enabling a high degree of predictability and visibility on the Fund’s cash yield.</p> <p class="">During the holding period, the investment team will take a hands-on approach to risk mitigation and value creation, optimising the assets over the fund’s life before looking to exit the portfolio. Since its launch in August 2022, NPUK has already been able to make two distribution payments to its investor base, which have been more than the target, alongside reporting impressive Net Asset Value growth.</p> <p class="">Michael Bonte-Friedheim, NextEnergy Group CEO and Founder, stated, “This 20-year sleeved PPA fits perfectly into NextPower UK ESG’s contracted revenue strategy and demonstrates the future growth opportunity that solar serves in providing long-term power generation to both utilities and corporates as they increasingly look towards renewable energy sources as part of their decarbonisation journey.”</p> <p>The post <a href="https://theelectricityhub.com/nextpower-uk-secures-20-year-ppa/"> NextPower UK Secures 20-Year PPA</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/nextpower-uk-secures-20-year-ppa/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>