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NextEnergy Capital has secured what it is lauding as a “first-of-its-kind” debt financing to construct two subsidy-free solar sites as it unveils a new subsidy-free private fund.

The Renewables Infrastructure Group (TRIG) has raised £120 million, which is set to go towards its revolving credit facility (RCF).

NextEnergy Solar Fund (NESF) is selling two of its subsidy-free assets to NextPower Development, part of the NEC Group, in a £11.5 million transaction.

Bluefield Solar Income Fund has seen a slight drop in its NAV, but is lauding its generation portfolio as performing “extremely well”.

Renewables developer GRIDSERVE has entered into a partnership with Hitachi Capital (UK) that has the latter make a multi-million-pound investment.

NextEnergy Solar Fund (NESF) plans to commence construction “shortly” on an 8.5MWp subsidy-free extension as it reiterates the minimal effect of COVID-19 on its operations.