Once operational, the project will restore 140 hectares of land, dedicating at least 70 percent to agricultural use while generating solar power. It has a 20‑year Contract for Difference from the GME DM Agrivoltaico Auction for all its output.
This is NPV ESG’s eighth investment, raising committed capacity to 670 MW. Of this, 220 MW is operational and 230 MW is scheduled to be energised shortly. A further 451 MW of solar PV and battery storage is in advanced negotiations; completion would push committed capacity beyond 1 GW.
Expert view: Italian agrivoltaics evolving into standalone industry
The fund has raised USD 843 million to date, including USD 218 million for co‑investments, from investors such as a UK LGPS investment pool, a Dutch pension fund, a Japanese insurance company, and several existing NextPower III ESG investors including KLP, a German occupational pension fund, and a Nordic pension fund.
NextPower UK ESG: £733 million fundraising exceeds expectations
First operational assets are expected to pay dividends in H2 2025. NPV ESG builds on NextEnergy Capital’s track record since 2007, with more than 530 utility‑scale projects acquired. The fund maintains a contracted‑revenue model with creditworthy counterparties to ensure long‑term cash flows.
Support from farmers and environmentalists
The project in Campania co-locates utility-scale solar PV with agriculture to improve soil productivity and sustain traditional land uses. It has the support of Coldiretti, Italy’s largest farmers’ association, and Legambiente, an environmental organisation.
Explore agri-PV in our new dual harvest special
“This transaction marks a significant milestone for NextPower V and aligns closely with the fund’s principles of sustainability, innovation, and responsible investment,” said Ross Grier, Chief Investment Officer at NextEnergy Capital. “Italy remains a key market for NextPower V, offering one of the highest irradiance levels in Europe and well-developed infrastructure,” added Antonio Salvati, Managing Director, NPV ESG. (hcn)
Stay informed – subscribe to our special newsletter PV for farmers
