REG - NextEnergy Solar Fnd - Directorate Change & Chair Succession

NextEnergy Solar FundAnnouncement

15/05/2025 13:45

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RNS Number : 8808I  NextEnergy Solar Fund Limited  15 May 2025

LEI: 213800ZPHCBDDSQH5447

15 May 2025

NextEnergy Solar Fund Limited

("NESF" or "the Company")

 

 

 Directorate Change & Chair Succession

 

NextEnergy Solar Fund, a leading specialist investor in solar energy and
energy storage, announces that Helen Mahy CBE has advised the Board of her
desire to step down as a director of the Company to pursue other interests.

 

The Board has agreed to implement this change which will take place at close
of business today and, in line with the Nomination Committee's established
succession plans, has appointed Paul Le Page, previously Senior Independent
Director, as Interim Chairman while the Company concludes a formal process to
confirm a permanent successor.

 

Paul Le Page has 12 years of Solar industry sector experience and was the
Audit Committee Chair for Bluefield Solar Income Fund Limited for 10 years
before he joined NextEnergy Solar Fund Limited in 2023.

 

Helen Mahy CBE, Chairwoman of NextEnergy Solar Fund Limited, commented:

"It has been a privilege to act as Chair for NextEnergy Solar Fund.  During
that time the Company has continued to evolve and develop its solar energy and
energy storage portfolio in line with its strategic objectives whilst
continuing to offer shareholders excellent returns in the form of regular,
stable dividends."

 

Paul Le Page, Senior Independent Director of NextEnergy Solar Fund Limited,
said:

"The Board and I would like to thank Helen for her hard work and contributions
and wish her the very best with her future endeavours.  Helen leaves
NextEnergy Solar Fund and the Board well positioned to take advantage of the
opportunities that lie ahead."

 

 For further information:

 NextEnergy Capital

                                               020 3746 0700

 Michael Bonte-Friedheim                       ir@nextenergysolarfund.com (mailto:ir@nextenergysolarfund.com)
 Ross Grier
 Stephen Rosser
 Peter Hamid (Investor Relations)
                                               020 7653 4000

 RBC Capital Markets
 Matthew Coakes
 Kathryn Deegan
                                               020 7908 6000

 Cavendish
 Robert Peel
                                               020 7379 5151

 H/Advisors Maitland
 Neil Bennett
 Finlay Donaldson
                                               01481 742642

 Ocorian Administration (Guernsey) Limited
 Kevin Smith

 

 

Notes to Editors (1):

About Paul Le Page

Paul brings over 20 years of experience serving on Audit & Risk Committees
within the closed-ended investment fund sector. Originally qualified as a
Chartered Electrical Engineer, he earned his MBA from Heriot-Watt University
in 1999 before transitioning from industrial R&D to investment fund
research, with a focus on alternative assets.

 

Paul possesses a broad and deep understanding of the global investment
industry, including fund governance, reporting, and product structures. Paul
currently holds non-executive directorships across several investment funds.
He has previously served as Audit Committee Chairman for UK Mortgages Limited,
Thames River Multi Hedge PCC Limited, Cazenove Absolute Equity Limited, and
Bluefield Solar Income Fund Limited.

 

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage
investment company that is listed on the Main Market of the London Stock
Exchange.

 

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.

 

As at 31 March 2025, the Company had an unaudited gross asset value of
£1,061m.  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 websites.

 

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 which now employs over 370
professionals.  Since its inception, NextEnergy Group 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 18 years of specialist solar
expertise having invested in over 530 individual solar plants across the
world.  NextEnergy Capital currently manages four institutional funds with a
total capacity in excess of 3GW+ and has assets under management of $4.5bn.
More information is available at www.nextenergycapital.com
(https://www.nextenergycapital.com/)

·    WiseEnergy®:  is a leading specialist operating asset manager in
the solar sector.  Since its founding, WiseEnergy has provided solar asset
management, monitoring and technical due diligence services to over 1,600
utility-scale solar power plants with an installed capacity in excess of
3.5GW.  More information is available at www.wise-energy.com
(https://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.  More
information is available at www.starlight-energy.com
(https://www.starlight-energy.com/)

 

Notes:

(1:) All financial data is unaudited at 31 March 2025, being the latest date
in respect of which NextEnergy Solar Fund has published financial information.

 

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