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NextEnergy SolFnd Ld (NESF)

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Friday 12 September, 2014

NextEnergy SolFnd Ld

Update on Ellough Solar Power Plant

RNS Number : 4638R
NextEnergy Solar Fund Limited
12 September 2014
 

12 September 2014

NextEnergy Solar Fund Limited ("NESF")

Ellough Solar Power Plant Secures 1.6 ROC Accreditation

-      NESF's 14.9MWp Ellough solar power plant accredited under 1.6 ROC regime

-      Total acquisition value increased from £18.0 million to £19.4 million

-      Revenues since accreditation accrue to NESF

Further to the announcement on 28 July 2014, NESF is pleased to announce that its Ellough solar power plant ("Ellough") has secured accreditation under the 1.6 ROC regime. 

The plant was commissioned in March 2014 and has been in operation since then.  All energy produced since commissioning will be remunerated under the 1.6 ROC regime and all revenues will be retained by NESF.

In accordance with information released at the time of Ellough's acquisition, NESF will pay the vendor an increased consideration of £1.4 million.

 

NextEnergy Capital Limited

020 3714 8948

Michael Bonte-Friedheim

 

Aldo Beolchini

 


 

Cantor Fitzgerald Europe

020 7894 7667

Sue Inglis

 

Gareth Price

 


 

Shore Capital

020 7408 4090

Bidhi Bhoma


Anita Ghanekar




MHP Communications

020 3128 8100

Rupert Trefgarne


Jamie Ricketts


 

Notes to Editors:

NextEnergy Solar Fund

NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment fund focused on operational solar photovoltaic ("PV") assets located in the UK.  The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.

Further information on NextEnergy Capital and WiseEnergy is available at 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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