Update on Ellough Solar Power Plant

RNS Number : 4638R

NextEnergy Solar Fund Limited

12 September 2014

 

12 September 2014

NextEnergy Solar Fund Limited ("NESF")

Ellough Solar Power Plant Secures 1.6 ROC Accreditation

-      NESF's 14.9MWp Ellough solar power plant accredited under 1.6 ROC regime

-      Total acquisition value increased from £18.0 million to £19.4 million

-      Revenues since accreditation accrue to NESF

Further to the announcement on 28 July 2014, NESF is pleased to announce that its Ellough solar power plant ("Ellough") has secured accreditation under the 1.6 ROC regime. 

The plant was commissioned in March 2014 and has been in operation since then.  All energy produced since commissioning will be remunerated under the 1.6 ROC regime and all revenues will be retained by NESF.

In accordance with information released at the time of Ellough's acquisition, NESF will pay the vendor an increased consideration of £1.4 million.

NextEnergy Capital Limited	020 3714 8948
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe	020 7894 7667
Sue Inglis
Gareth Price
Shore Capital	020 7408 4090
Bidhi Bhoma
Anita Ghanekar
MHP Communications	020 3128 8100
Rupert Trefgarne
Jamie Ricketts

Notes to Editors:

NextEnergy Solar Fund

NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment fund focused on operational solar photovoltaic ("PV") assets located in the UK.  The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.

Further information on NextEnergy Capital and WiseEnergy is available at www.nextenergycapital.com and www.wise-energy.eu.

 

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