NESF awarded LSE's Green Economy Accreditation

RNS Number : 2363X

NextEnergy Solar Fund Limited

18 December 2019

 

18 December 2019

NextEnergy Solar Fund awarded LSE's Green Economy Accreditation

NextEnergy Solar Fund today announces that it has been awarded the London Stock Exchange's new Green Economy Mark, which recognises companies and investment funds that derive over 50% of their annual revenues from products and services that contribute to the Green Economy.

The London Stock Exchange launched the Green Economy accreditation on 11 October 2019 to support equity issuers implementing sustainable business models and investors who are increasingly focused on environmental products and services supporting the transition to a low carbon economy.

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For further information:

MHP Communications	020 3128 8100
Oliver Hughes, Giles Robinson, Ailsa Prestige

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

As at 30 September 2019, NESF raised equity proceeds of £792m (including £200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had financial debt outstanding of £211m, on a look-through basis including project level debt. Of the financial debt, £197m was long-term fully amortising debt, and £14m was drawn under a short-term credit facility.

NESF is differentiated by its access to NextEnergy Capital Group (NEC Group), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division and over the course of its activities has provided operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.

 

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