Nexwell announced that its portfolio company – Nexwell Power – recently completed its first issuance of debt by completing a private placement of green notes in excess of €56 million from a consortium of private investors. The newly raised funds will be used by Nexwell Power to finance the acquisition of several new solar projects in Spain. The financing proceeds will cover the cost of acquiring and constructing the new solar projects in Spain.

Nexwell Power is Nexwell’s second portfolio company. Nexwell also founded and currently manages the Ibexia Group, which is the 60% owner of Ibox Energy, a Spanish joint venture that engages in greenfield solar power development projects in Spain. At present, Ibox Energy has a long lead time pipeline of over 1 GW of solar projects in development stages.

Mr. Pablo Pulido, chairman of Nexwell said, “We believe the new funds raised by Nexwell Power demonstrate our investors’ commitment to our platform. With this capital raise, our current committed projects will be fully equity funded. The Spanish solar market offers significant growth opportunity, and with our differentiated integrated platform and strong access to a development pipeline, we look forward to Nexwell Power delivering accretive growth going forward.”

* This press release has been prepared for the purpose of announcing to the public certain activities of Nexwell Power and Nexwell, and not for the purpose of soliciting any investment. This press release does not constitute any offer or solicitation to purchase or subscribe any security, including but not limited to notes referenced herein, in any jurisdiction.

About Nexwell

Nexwell is an investment platform committed to decarbonization. Founded in 2019 by industry veterans, Nexwell partners and invests in high-potential companies to accelerate their growth and impact. With extensive operating experience and connections, Nexwell provides capital, strategic guidance, and access to a global network. For more information, visit www.nexwell.com.

About Nexwell Power

Nexwell Power is a solar power producer (IPP) that focuses its human and financial capital on delivering long-term and sustainable solar PV assets that have a measurable impact on decarbonizing the planet. At Nexwell Power, the team’s focus is on achieving a balance between delivering strong investor returns and maintaining stable, long-term relationships and giving back to the local communities in which they operate. For more information, visit www.nexwellpower.com.