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NextEnergy SolFnd Ld (NESF)

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Tuesday 29 August, 2017

NextEnergy SolFnd Ld

Acquisition

RNS Number : 0697P
NextEnergy Solar Fund Limited
29 August 2017
 

29 August 2017

NextEnergy Solar Fund Limited ("NESF" or the "Company")

Acquisitions

·     Acquisition of two operating solar plants totalling 21.7MWp with an investment value of £26.4m 

·     Since IPO in 2014, NESF has now secured a portfolio of 50 solar PV assets with a total capacity of 505MWp and a total investment value of £581m.

NESF is pleased to announce the signing and completion of a share purchase agreement for the acquisition of two operating solar plants for a total installed capacity of 21.7MWp.  The plants were acquired were from one counterparty and comprise Bay Farm (8.1MWp, Suffolk) and Honnington (13.6MWp, Suffolk). Both plants were connected to the grid during March 2014 and are accredited under the 1.6 Renewable Obligation Certificate regulation. The acquisition will be funded by the Company's existing resources.

NESF continues to pursue further transactions from its pipeline of acquisition opportunities and expects to announce further investments in due course.

 

For further information, please contact:

NextEnergy Capital Limited

020 3893 1500

Michael Bonte-Friedheim

 

Aldo Beolchini

 

 

 

Cantor Fitzgerald Europe

020 7894 7667

Sue Inglis

 

 

 

Fidante Capital

020 7832 0900

Robert Peel

 

Justin Zawoda-Martin

 

 

 

Macquarie Capital (Europe) Limited

020 3037 2000                                                        

Nick Stamp

 

 

 

Shore Capital

020 7408 4090

Bidhi Bhoma

 

Anita Ghanekar

 

 

 

MHP Communications

020 3128 8100

Andrew Leach

 

Ivana Petkova

 

Luke Briggs

 

 

 

Ipes (Guernsey) Limited

01481 713 843

Nick Robilliard

 

 

Notes to Editors:

NESF is a specialist investment company that invests in operating solar power plants in the UK.  Its objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth.  The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

NESF has raised equity proceeds of £586m since its initial public offering on the main market of the London Stock Exchange in April 2014.  It also has credit facilities of £269.8m in place (£150m from a syndicate including MIDIS, NAB and CBA; MIDIS: £54.3m; Bayerische Landesbank: £43.8m; and NIBC: £21.7m).

NESF is differentiated by its access to NextEnergy Capital Group (NEC Group), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division, providing solar asset management, monitoring and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.8 GW.

Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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