NextEnergy Solar Fnd

Directorate Change

RNS Number : 0214U
NextEnergy Solar Fund Limited
31 March 2021
 

LEI: 213800ZPHCBDDSQH5447

31 March 2021

 

NextEnergy Solar Fund Limited

 

("NESF" or the "Company")

 

Directorate Change

 

The Company announces that Sue Inglis has decided to step down as a director of the Company with effect from 31 March 2021. The Board wish to take this opportunity to express their appreciation for Sue's many contributions during the period she has served as a director of the Company.

 

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For further information:

NextEnergy Capital Group

020 3746 0700

Michael Bonte-Friedheim

[email protected]

Aldo Beolchini

Ross Grier

Peter Hamid (Investor Relations)

 

 

 

Cenkos Securities

020 7397 8900

James King

William Talkington

 

 

 

Shore Capital

020 7408 4090

Anita Ghanekar

Sarah Mather

Fiona Conroy



 



Camarco

020 3781 8334

Owen Roberts

Eddie Livingstone-Learmonth

 

 

Apex Fund and Corporate Services (Guernsey) Limited

01481 735 827

Nick Robilliard

 

Notes to Editors1:

 

About NextEnergy Solar Fund 

NextEnergy Solar Fund is a renewable energy infrastructure investment company that currently invests in operating solar power plants in the UK and Italy. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage.

 

NESF has a diversified portfolio comprising 92 operating solar assets, primarily on agricultural, industrial, and commercial sites, with a combined installed power capacity of c.813MW.

 

As at 31 December 2020, the Company had gross assets of £1,001 million, of which 88% was invested in the UK, and net assets of £591 million. The majority of long-term cash flows from its investments are inflation-linked.

 

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 primarily UK-based solar energy infrastructure assets. The dividend is payable quarterly, and the Company has announced a dividend target for the year ending 31 March 2021 of 7.05p per ordinary share. 

 

For further information on NESF please visit nextenergysolarfund.com

 

Commitment to ESG

NESF is committed to ESG principles and responsible investment which make a meaningful contribution to reducing CO2 emissions through the generation of clean solar power. NESF will only select investments that meet the requirements of NEC Group's Sustainable Investment Policy. Based on this policy, NESF benefits from NEC's rigorous ESG due diligence on each investment. NESF  is committed to reporting on its ESG performance in accordance with the UN Sustainable Development Goals framework and the EU Sustainable Finance Disclosure Regulation.

 

NESF has been awarded the London Stock Exchange's Green Economy Mark and has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission.

 

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 website ( nextenergysolarfund.com/esg/ ) & NEC Group website ( nextenergycapital.com/sustainability/transparency-and-reporting/ ).

 

 

About NextEnergy Capital Group ("NEC Group")

NESF is managed by the NextEnergy Capital Group, a specialist solar investment manager, which has a strong track record in sourcing, acquiring, and managing operating solar assets.  NEC Group is a leading player in the global solar investment sector and has over 190 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.3bn across three institutional funds.

 

NextEnergy Capital Group donates 5% of its net annual profits to NextEnergy Foundation. NextEnergy Foundation is an international charity that was founded in 2016. Its mission is to participate proactively in the global effort to reduce carbon emissions, provide clean power sources in regions where they are not yet available, and contribute to poverty alleviation.

 

For further information on NEC Group please visit nextenergycapital.com  

For further information on NextEnergy Foundation visit nextenergyfoundation.org

 

About WiseEnergy

WiseEnergy is NEC Group's specialist operating asset management division.  NESF is differentiated by its access to WiseEnergy, which 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 2.3GW.

 

For further information on Wise Energy please visit wise-energy.com  

 

 

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

 

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