Notice of Results

RNS Number : 7084Q

NextEnergy Solar Fund Limited

22 June 2020

 

22 June 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Notice of results

NextEnergy Solar Fund, the solar power renewable energy investment company, intends to announce its full year results for the year ended 31 March 2020 on Tuesday 30 June 2020.

NESF's Investment Adviser will host a webcast presentation for analysts on the day of the results.

If you would like to receive further details of the webcast, please contact MHP Communications on 020 3128 8734 or [e-mail] .

For further information:

NextEnergy Capital Limited	020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc	020 7397 8900
Justin Zawoda-Martin Robert Naylor William Talkington
Shore Capital	020 7408 4090
Anita Ghanekar Darren Vickers
MHP Communications	020 3128 8100
Oliver Hughes Giles Robinson
Apex Fund and Corporate Services (Guernsey) Limited	01481 735 827
Nick Robilliard

 Notes to Editors ^[i] :

A constituent of the FTSE 250 Index, NextEnergy Solar Fund ("NESF") is a renewable energy infrastructure investment company that invests primarily in operating solar power plants in the UK (it may invest up to 15% of its gross assets in other OECD countries). The Company is committed to ESG principles and responsible investment and makes a meaningful contribution to reducing CO2e emissions through the generation of clean solar power.  NESF has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission and has been awarded the London Stock Exchange's Green Economy Mark.

NESF has a diversified portfolio comprising 90 operating solar assets, primarily on agricultural, industrial and commercial sites, with a combined installed power capacity in excess of 755MW. As at 31 March 2020, the Company has gross assets of £991 million, of which 89% is invested in the UK, and net assets of £579 million. The majority of long-term cash flows from its investments are inflation-linked.

NESF's investment objective is to provide ordinary shareholders with a sustainable and attractive dividend that increases in line with RPI over the long term, while delivering an element of capital growth through reinvesting net cash generated in excess of the target dividend. The dividend is payable quarterly and the Company has announced a total dividend for the year to 31 March 2020 of 6.87p per ordinary share. 

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, which since its founding has provided operating asset management, monitoring, technical due diligence and other services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 1.7 GW.

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

[1] Note: All data is unaudited as at 31 March 2020, being the latest date in respect of which NESF has published financial information.

 

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