Proximo​: NeXtWind launches strategy to repower European wind sites

NeXtWind, backed by initial commitments of over $100 million from Crestline Investors, Ferd and ARB Investment Partners, has launched its strategy to become a major European green independent power producer (IPP). The company will initially seek to acquire and rejuvenate older onshore wind parks in Germany. NeXtWind's strategic goal is to acquire a 1GW portfolio of end-of-regulatory-life assets across Europe and it expects to complete the acquisition of its first sites in the coming weeks. Sites will either be repowered or undergo lifetime extension works. The company is currently negotiating framework agreements with some of Europe’s largest utilities in order to facilitate the signature of future PPAs.