NextEnergy Capital's Ross Grier talks to Proactive London's Katie Pilbeam about acquiring a UK based solar photovoltaic (PV) portfolio for £64.3mln that once fully up and running will increase its installed capacity by around 13%.
NextEnergy Capital is the Investment Adviser for NextEnergy Solar Fund (LON:NESF).
The Camden portfolio is made up of two equal-sized projects totalling 100MWp (megawatt peak) and has a 15-year power purchase agreement (PPA) in place, covering roughly 75% of the electricity to be generated over the life of the agreement.
The counterparty of the PPA is brewing giant AB InBev.