NextPower UK ESG, a fund under NextEnergy Capital, has acquired its eleventh utility-scale solar site, the 18.5MW Locks Solar Farm in Hampshire. The ready-to-build project, which secured a Contract for Difference (CfD) during allocation round 6, will provide solar energy at a fixed rate of around £50/MWh. This addition boosts NextPower’s UK assets to a total capacity of 515.5MW.

NPUK is on target to exceed its return and dividend goals, with significant investor interest pushing funds committed to £683 million, surpassing the original target by 37%. Once operational, NextPower aims to reach 2GW, sufficient to power 500,000 UK households and furthering the UK’s energy security and net-zero transition.

Image: NextEnergy Capital