REG - NextEnergy Solar Fnd - Directors’ Roles, Functions and Responsibilities

NextEnergy Solar FundAnnouncement

22/05/2025 09:01

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RNS Number : 7735J  NextEnergy Solar Fund Limited  22 May 2025

LEI: 213800ZPHCBDDSQH5447

22 May 2025

NextEnergy Solar Fund Limited

("NESF" or "the Company")

 

 

Directors' Roles, Functions and Responsibilities

The Board of NextEnergy Solar Fund, a leading specialist investor in solar
energy and energy storage, announces the following changes to its directors'
roles, functions and responsibilities, in accordance with Listing Rule UKLR
6.4.6 with immediate effect.

Ms. Josephine Bush, a Non-Executive Director of the Company, has been
appointed as Senior Independent Director of the Company.

The Company's Remuneration Committee and Nomination Committee have been
combined into one Committee (the "Remuneration & Nomination Committee"),
which will be chaired by Ms. Caroline Chan, a Non-Executive Director of the
Company.

A full breakdown of the composition of the Board's Committees is set out
below:

 Committee                               Composition
 Audit                                   Joanne Peacegood (Committee Chair)

                                         Caroline Chan

                                         Josephine Bush
 Environmental, Social & Governance      Josephine Bush (Committee Chair)

                                         Paul Le Page

                                         Joanne Peacegood

                                         Caroline Chan
 Management Engagement                   Caroline Chan (Committee Chair)

                                         Paul Le Page

                                         Joanne Peacegood

                                         Josephine Bush
 Remuneration & Nomination               Caroline Chan (Committee Chair)

                                         Paul Le Page

                                         Joanne Peacegood

                                         Josephine Bush
 Market Disclosure                       Paul Le Page (Committee Chair)

                                         Joanne Peacegood

                                         Caroline Chan

                                         Josephine Bush

 

Ends

 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 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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