MJ Hudson advised NextEnergy Capital’s first closing of NextPower III LP (NP III), a solar energy fund, securing initial commitments of c.US$160m. NP III’s investment strategy is to invest in new-build solar photovoltaic (PV) projects internationally. NP III is expected to build a diversified portfolio that, when fully invested, will comprise an estimated 50 to 150 individual solar PV plants.
As part of an integrated advisory service, MJ Hudson Law provided NextEnergy with legal advice, from both London and Guernsey, whilst MJ Hudson IR & Marketing Solutions advised on preparation of the private placement memorandum (PPM) and investor pitch documents. The combined legal and investor relations offering on the preparation of the PPM in particular made the process of delivering this document more streamlined. Further, the joint London and Guernsey legal service allowed MJ Hudson to act as a single source of legal advice on the complex interplay between the two jurisdictions.