REG - NextEnergy Solar Fnd - Change to Director Roles and Responsibilities

NextEnergy Solar FundAnnouncement

21/11/2023 07:00

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RNS Number : 0583U  NextEnergy Solar Fund Limited  21 November 2023

LEI: 213800ZPHCBDDSQH5447

21 November 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

 

Director Roles and Responsibilities

The Board of NextEnergy Solar Fund, a leading specialist investor in solar
energy and energy storage, is pleased to announce the following changes to its
Director Roles and Responsibilities.

 

In accordance with Listing Rule 9.6.11, Mr Paul Le Page, a Non-Executive
Director of the Company, has been appointed as a member of the Audit
Committee, the Management Engagement Committee, the Environmental, Social and
Governance Committee, the Remuneration and Nomination Committee and the Market
Disclosure Committee, with effect from 21 November 2023.

 

Ends

 

 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

                                             014 8174 2642

 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
865MW (excluding NextPower III MW on an equivalent look-through basis)
generating enough renewable energy to power the equivalent of c.242,000
average UK home electricity needs for an entire year.  The Fund 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
June 2023, the Company had an unaudited gross asset value of £1,190m.  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 375 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 $3.9bn.
www.nextenergycapital.com (http://www.nextenergycapital.com/)

·      WiseEnergy®:  Provides solar asset management, monitoring and
technical due diligence services to over 1,300 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 June 2023, being the latest date in
respect of which NextEnergy Solar Fund has published financial information

 

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