Change to Remuneration and Nomination Committee

NextEnergy Solar Fund Limited

27 February 2024

 

LEI: 213800ZPHCBDDSQH5447

27 February 2024

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Change to Remuneration and Nomination Committee

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that the Company's current Remuneration and Nomination Committee has been separated into two newly formed Committees (Nomination Committee & Remuneration Committee), with effect from 26 February 2024.

Nomination Committee	Remuneration Committee
Helen Mahy (Chairman)	Paul Le Page (Chairman)
Josephine Bush	Josephine Bush
Jo Peacegood	Jo Peacegood
Patrick Firth	Patrick Firth
Paul Le Page	Helen Mahy

In accordance with Listing Rule 9.6.11, the Company also announces that Helen Mahy, Chairman of the Company, has stepped down as a Member of the Audit Committee but will be invited to all Audit Committee Meetings as an attendee, with effect from 26 February 2024. Patrick Firth will remain as Chair of the Audit Committee.

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 Fund 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 assets 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

 

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