The innovation fueling exponential growth and maturity of companies’ participation in the energy transition has made it possible for corporations and institutional investors around the world to systematically deploy capital into profitable investments that are both environmentally responsibleand financially sustainable.

Nexwell was founded as an investment group with a core mission to decarbonize the planet while in away that builds capital, strengthens operating performance and benefits the local environment and its local communities. As an investment platform, Nexwell was formed to promote initiatives that materially contribute toward solutions thatlead to a world where climate change is no longer a critical issue. The company aims to achieve this by creating opportunities for the entities it creates, selects, and supports, helping those businesses scale by tapping into a world-class and experienced team with a powerful network, and by implementing best in class operational practices and using state-of-the-art technologies. Nexwell’s razor-sharp focus is on doing good by doing what is right to make the highest positive impact on its companies, partnerships and their primary stakeholders which include the communities in which they operate, their employees, the environment and their financial sponsors.

    “We have invested with countless management teams over the years and it is a privilege to partner with the likes of Nexwell. Their north never wavers. Everything they do is deliberate and for a good purpose, including their simple but monumental moonshot-like goal: the avoidance or sequestration of abillion tons of CO2 over the coming decades. In addition, they work on maintaining a healthy culture by hiring equally passionate team members with strong ideas and world class capabilities. We always look to have an impact aswell as a return, and with Nexwell we get both, as well as access to the best and the brightest talent.”  Rudolph M – Long term partner and Nexwell investor.  

Nexwell was launched in 2019 and now operates offices in Madrid, London and Miami. The company’s largest platform company is currently Nexwell Power, a UK-based entity that buys ready-to-build photovoltaic (PV) solar plants and then finances, builds and operates them.

What is Nexwell’s ESGstrategy?

What makes Nexwell unique in its business approach is its bottom-up dedication to corporate environmental, social and governance(ESG) initiatives. For Nexwell, each investment opportunity is built from a well-planned foundation ensuring that there is a bi-directional value for all of its stakeholders, guided by what is beneficial for employees, the environment, the local community and its financial stakeholders. By way of example, Nexwell stack ranks its investments by the impact they can have residing at the top of its criteria list. Thereafter come other KPIs to ensure financial sustainability and socio-economic plans that integrate the local community into its long-term investment criteria. According to the Corporate Finance Institute, a well integrated ESG framework helps corporations better manage risks, and take sustainability beyond environmental issues, providing transparency and translating non-financial results into tangible value for its stakeholders, in addition to ensuring the wellbeing of its communities, employeesand business partners.

“Power plants are long term investments, and if you omit to factor in the local community the journey will likely be arduous in the long term. At Nexwell we listen to the voices at the front lines, placing focus on our communities, because they are home to the people that will always be a part of the life of these power plants, the stewards of their continued operations & maintenance, as well as benefiting from wide ranging programs such as free grazing rights to nearby farmers to  education and tools to the community members so they can participate in the energy transition.” – Andreas Mustad, Managing Director of Nexwell. The Nexwell Power platform, one of Nexwell’s early investments, quickly became one of Spain’s largest independently operated PV solar companies. Nexwell has recently expanded its operations into other markets included in the Organization for EconomicCooperation and Development (OECD), with its most recent partnership with asolar rooftop installer in the USA.

Environmental Initiatives

To date, Nexwell via projects it has built,has been delivering utility-scale solar power to the grid in Spain,significantly displacing nonrenewable power from carbon dioxide and greenhouse gas producing emitters around the country.

By way of example, Nexwell Power’s Posadas project in Cordoba, Spain, which began operations in March of 2021, contributed 105,106 MWh of clean renewable solar power and avoiding the emission of 35,956 tons of harmful carbon dioxide into the atmosphere in its first full year of operation. As a result of these operations, Nexwell Power brought 100% renewable electricity to 29,000 households.

Other environmental measures include the measuringof everything from inception through to commercial operation, from water usage to construction waste, to measuring a plant’s own Scope 3 emissions foot print from when the modules are manufactured through to the end of its 1.85 years ofCO2 footprint payback period.

Social Initiatives

Nexwell believes in the importance ofcommunity involvement. For example, another Nexwell legacy plant, the 89MW PV solar plant in Manzanares in Ciudad Real, Spain, invests in conservation projects that benefitnative bird and plant life in addition to providing clean energy for over52,000 households. Nexwell also promotes sector awareness by granting free PV facilities at local education centers. At the Manzanares plant, Nexwell donated and put in operation a 44 kilowatt self-consumption PV installation with avisual learning interface at a high school to both defray cost and provide a hands on laboratory to educate students in their vocational program, so as to adda course in professional readiness for interested graduates to be employed by thesolar industry.

Nexwell also prioritizes charitable giving,which helps the company further drive its community impact and remain in linewith its decarbonization mission. The Nexwell Foundation has been developed as a nonprofit that funds initiatives in an effort to ramp up hard to finance ornascent solutions that aim to tackle climate change. So far, and separate from project level social programs, the foundation has donated funds to three separate renewable installations at two higher learning institutions to createa hands-on opportunity for students and faculty to learn about and promote the benefits of renewable installations. With the ever-recurring graduating classes, the students gain awareness and can become strong promoters for renewable energy, which will help support and accelerate future climate change solutions.

“Our Foundation is dedicated to serving the public good, not profit. Any revenue generated will be reinvested to further this mission. It provides direct grants and may even acquire ownership stakes in new technology companies, projects, or initiatives, provided they align witht he Foundation’s purpose of benefiting the long term decarbonization of the atmosphere. What I am proudest of, is that the foundation is funded from topline profits, willingly donated by the company as well as its investors, allowing the foundation to benefit from all of Nexwell’s initiatives.” Pablo Pulido – Chairman and Managing Director of Nexwell.

Governance Initiatives

Nexwell’s diverse board of directors and management team allows the company to benefit from an array of global perspectives from people who have years of experience in and out of the industry. Transparency is another governance and social factor that the Nexwell team fully embraces, prioritizing accountability to each other and all of Nexwell’s stakeholders.

Factors that pertain to governance include everything from management procedures to company policies. Balancing that type of rigorous governance without creating bureaucracy can be challenging, hence why Nexwell spends a disproportionate amount of attention to carefully selecting its world class talent pool, knowing its team can deliver with unimpeded cadence against a rigorous, but balanced, score card. Thus, Nexwell’s strong ESG framework involves notjust a full suite of environmental, social and governance KPI’s, but factors inevery aspect of Nexwell’s culture and practices across the entire company’s operations.

This foundational philosophy and deliberate integration promotes long term health and sustainability. Thus, when Nexwell creates and grows other successful businesses that strive for a cleaner environment andpositive change to its communities, each success story builds on the success ofits predecessor, opening new opportunities to collaborate with other like minded people and platforms that want to scale their impact to new levels. “In its simplest form, Nexwell’s shortest path to reaching our goal is to ensure we are doing the right thing – all the time. And when that is not possible, because set backs are inevitable, of equal importance is how we manage the consequences and institutionalize the learning from the experience to ensure we emerge stronger and continue delivering success to our partners and stakeholders.” Jorge Lara, COO Nexwell Power