Caroline Chan to join the Board of Directors

NextEnergy Solar Fund Limited

12 December 2023

 

LEI: 213800ZPHCBDDSQH5447

12 December 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 Caroline Chan to join the Board of Directors

NextEnergy Solar Fund Limited, a leading specialist investor in solar energy and energy storage, is delighted to announce the appointment of Ms Caroline Chan to the Board as a Non-Executive Director with effect from 1 April 2024.

Ms Chan brings a wealth of experience to the Board having practised as a corporate lawyer for over 30 years across London, Hong Kong, and Guernsey, where she specialised in investment funds, mergers and acquisitions, financing, and financial services regulatory work.  Ms Chan previously served as a Non-Executive Director of Round Hill Music Royalty Fund Limited and currently serves as a Non-Executive Director of BH Macro Limited.

Helen Mahy, Chair of NextEnergy Solar Fund Limited, commented:

"The Board is delighted that Caroline has agreed to join as a Non-Executive Director.  She brings a significant amount of listed investment company experience to the table as we remain focused on putting the Company in an even stronger position to deliver growth and long-term stable returns to shareholders.  We look forward to welcoming Caroline and working with her."

Pursuant to Listing Rule 9.6.13 the following disclosure is made:

Ms Caroline Chan was previously a Non-Executive Director of Round Hill Music Royalty Fund Limited and is currently a Non-Executive Director of BH Macro Limited.  There are no further disclosures required pursuant to LRs 9.6.13 and 9.6.11.

For further information: NextEnergy Capital Michael Bonte-Friedheim	020 3746 0700 [e-mail]
Ross Grier
Stephen Rosser
Peter Hamid (Investor Relations)
RBC Capital Markets	020 7653 4000
Matthew Coakes
Elizabeth Evans Kathryn Deegan
Cavendish	020 7397 1909
James King
William Talkington
H/Advisors Maitland	020 7379 5151
Neil Bennett
Finlay Donaldson
Ocorian Administration (Guernsey) Limited	01481 742642
Kevin Smith

Notes to Editors¹:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the premium segment of the London Stock Exchange and is a FTSE 250 constituent.

NextEnergy Solar Fund's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets.  The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

The NextEnergy Solar Fund portfolio has a combined installed power capacity of 933MW, generating enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year.  The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private infrastructure funds, and 10% in energy storage assets.  As at 30 September 2023, the Company had an unaudited gross asset value of £1,194m.  For further information please visit www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital website.

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

·      NextEnergy Capital: Has over 16 years specialist solar expertise having invested in over 400 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW+ and has asset under management of $3.9bn.  www.nextenergycapital.com  

·      WiseEnergy®:  Provides solar asset management, monitoring and technical due diligence services to over 1,250 utility-scale solar power plants with an installed capacity in excess of 1.6GW.  WiseEnergy clients comprise leading banks and equity financiers in the energy and infrastructure sector.  www.wise-energy.com

·    Starlight: Has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.

Notes:

^1: All financial data is unaudited at 30 September 2023, being the latest date in respect of which NextEnergy Solar Fund has published financial information

 

END