Tages Group completed the acquisition of Nextpower II Italian solar assets from NextEnergy Capital for $681m.

Tages Group, an investment services company, completed the acquisition of Nextpower II Italian solar assets from NextEnergy Capital, an investment management business, for $681m. “The divestment of NextPower II’s portfolio is the culmination of a focused investment strategy and consolidation plan, identified and implemented by NextEnergy Capital, starting in 2016. We are particularly pleased with the exceptional financial results we have generated for the Fund’s investors. NextPower II is the precursor to NextPower III, a private solar infrastructure fund focused on OECD markets, which recently exceeded its $750m fundraising target," Michael Bonte-Friedheim, NextEnergy Capital founding partner and CEO.