Solar energy specialist NextEnergy Capital has attracted a total of $896m for an investment trust focusing on the solar infrastructure sector in what has been labelled as a "momentous" fundraise.
Following the final close for funding of the NextPower III ESG, which has ambitious plans to deliver clean energy on a mass scale, the total capital pool for the solar energy infrastructure trust exceeds $905m when including co-investments to date. The firm said the capital raised, which came from a diverse investor base including pension funds, insurance companies, fund-of-funds and family offices, was "comfortably" above the target of $750m. NextPower III ESG is now the firm's largest private fund, which the company claims is also the largest OECD-focused solar infrastructure fund w...
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