REG - NextEnergy Solar Fnd - Caroline Chan to join the Board of Directors

NextEnergy Solar FundAnnouncement

12/12/2023 13:00

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RNS Number : 5190W  NextEnergy Solar Fund Limited  12 December 2023

LEI: 213800ZPHCBDDSQH5447

12 December 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

 

 Caroline Chan to join the Board of Directors

 

NextEnergy Solar Fund Limited, a leading specialist investor in solar energy
and energy storage, is delighted to announce the appointment of Ms Caroline
Chan to the Board as a Non-Executive Director with effect from 1 April 2024.

 

Ms Chan brings a wealth of experience to the Board having practised as a
corporate lawyer for over 30 years across London, Hong Kong, and Guernsey,
where she specialised in investment funds, mergers and acquisitions,
financing, and financial services regulatory work.  Ms Chan previously served
as a Non-Executive Director of Round Hill Music Royalty Fund Limited and
currently serves as a Non-Executive Director of BH Macro Limited.

 

Helen Mahy, Chair of NextEnergy Solar Fund Limited, commented:

"The Board is delighted that Caroline has agreed to join as a Non-Executive
Director.  She brings a significant amount of listed investment company
experience to the table as we remain focused on putting the Company in an even
stronger position to deliver growth and long-term stable returns to
shareholders.  We look forward to welcoming Caroline and working with her."

 

Pursuant to Listing Rule 9.6.13 the following disclosure is made:

Ms Caroline Chan was previously a Non-Executive Director of Round Hill Music
Royalty Fund Limited and is currently a Non-Executive Director of BH Macro
Limited.  There are no further disclosures required pursuant to LRs 9.6.13
and 9.6.11.

 

 

 For further information:

 NextEnergy Capital                          020 3746 0700

 Michael Bonte-Friedheim                     ir@nextenergysolarfund.com
 Ross Grier
 Stephen Rosser
 Peter Hamid (Investor Relations)

                                             020 7653 4000

 RBC Capital Markets
 Matthew Coakes
 Elizabeth Evans

 Kathryn Deegan

 Cavendish                                   020 7397 1909
 James King
 William Talkington

                                             020 7379 5151

 H/Advisors Maitland
 Neil Bennett
 Finlay Donaldson

                                             01481 742642

 Ocorian Administration (Guernsey) Limited
 Kevin Smith

 

 

Notes to Editors(1):

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 Company 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 (http://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 asset under management of $3.9bn.
www.nextenergycapital.com (http://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 (http://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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