NeXtWind, a green independent power producer (IPP) focused on the repowering and lifetime extension of European clean energy assets, has made three strategic investments in wind energy projects in Northern Germany, totaling over $50 million.
The acquisitions were made in the first six months after the company’s debut fundraising round, where it secured $100 million from institutional backers and family offices.
These early acquisitions indicate significant momentum behind NeXtWind’s strategy to source, acquire and rejuvenate ‘teenage’ wind parks that are reaching the end of their regulatory life. Since NeXtWind’s launch in February 2021, the team has successfully deployed over half of its initial capital raised from established sustainability investors including Crestline Investors, Ferd and ARB Investment Partners.
“During these first acquisitions, our origination team has successfully closed not only with established onshore wind development businesses, but also with an array of private investors demonstrating our differentiated ability to source off-market deals. We’ll continue to draw on these relationships as we take the projects through permitting and development, PPA negotiations, and into long-term operation.”
