NextPower V ESG, a fund of NextEnergy Capital, announced the acquisition of a 73 MW advanced agrivoltaic solar project in Campania, south-eastern Italy.
Additionally, the project has been awarded a 20-year contract for difference from the GME DM Agrivoltaico Auction for 100% of its volume.
With this acquisition, the fund has increased the committed capacity to date to 670 MW, of which about 220 MW capacity is fully operational and an additional 230 MW is due to reach commercial operations shortly. In addition, 451 MW of solar and battery energy storage systems are in the advanced stage of negotiation and once fully acquired, will raise the fund’s portfolio to more than 1 GW of committed capacity.
Antonio Salvati, Managing Director NextPower V ESG at NextEnergy Capital, commented, “Italy remains a key market for NextPower V as it offers one of the highest irradiance areas in Europe, supported by well-developed infrastructure. NextEnergy Capital continues to have a significant local presence in Italy, supported through its 79 employees located across our three Italian offices. The transaction highlights the multiple benefits AgriPV projects can bring to the local area, such as nature enhancement, land productivity, local engagement, and clean green energy. This is the largest transaction to date for NextPower V in Italy and provides NextPower V with an innovative Agri-PV opportunity, ensuring it is resilient and prepared for future AgriPV mandates in Europe and other markets.”
In August 2024, NextPower V ESG entered into a binding agreement to acquire a 248 MW solar portfolio comprising 12 solar projects located in Northern Spain.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
