Share Purchase by Chairman and Chair-elect

NextEnergy Solar Fund Limited
19 June 2023
 

LEI: 213800ZPHCBDDSQH5447

19 June 2023

 

 

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

Share Purchase by Chairman and Chair-elect

 

 

NextEnergy Solar Fund, the specialist solar+ fund, announces that Helen Mahy, Chair-elect of NESF and Kevin Lyon, Chairman of NESF (via connected persons), have today purchased additional ordinary shares in the Company as set out below and in the following PDMR shareholding announcements.

 

Name

Title

Number of Ordinary Shares purchased

Resulting beneficial interest in the Company's Ordinary Shares

Kevin Lyon

Chairman (and connected persons)

50,000

260,000

Helen Mahy

Chair-elect, Non-Executive Director

19,605

58,191

 

 

For further information:

 

NextEnergy Capital

Michael Bonte-Friedheim

 

 

020 3746 0700

ir@nextenergysolarfund.com

Ross Grier


Stephen Rosser


Peter Hamid (Investor Relations)


 

RBC Capital Markets

020 7653 4000

Matthew Coakes


Elizabeth Evans

Kathryn Deegan

 


Cenkos Securities

020 7397 8900

James King


William Talkington


 

H/Advisors Maitland

020 7379 5151

Neil Bennett


Finlay Donaldson




 

Ocorian Administration (Guernsey) Limited

014 8174 2642

Kevin Smith


 

 

Notes to Editors1:

About NextEnergy Solar Fund

NESF is a specialist solar+ fund listed on the premium segment of the London Stock Exchange and is a constituent of the FTSE 250.  NESF'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 NESF portfolio has a combined installed power capacity of 865MW (excluding NextPower III MW on an equivalent look-through basis).  NESF 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 31 March 2023, the Company had an audited gross asset value of £1,218m.  For further information on NESF please visit www.nextenergysolarfund.com

 

Article 9 Fund

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

 

About NextEnergy Group

NESF 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 350 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 2.4GW+ and has asset under management of $3.3bn.  www.nextenergycapital.com  

·      WiseEnergy®:  Provides solar asset management, monitoring and technical due diligence services to over 1,350 utility-scale solar power plants with an installed capacity in excess of 1.8GW.  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 audited at 31 March 2023, being the latest date in respect of which NESF has published financial information

 

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