REG - NextEnergy Solar Fnd - Paul Le Page joins the Board of Directors

NextEnergy Solar FundAnnouncement

02/10/2023 09:15

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RNS Number : 3424O  NextEnergy Solar Fund Limited  02 October 2023

LEI: 213800ZPHCBDDSQH5447

2 October 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

 

 Paul Le Page joins the Board of Directors

 

NextEnergy Solar Fund, a leading specialist investor in solar energy and
energy storage, is pleased to welcome Mr Paul Le Page to its Board of
Directors as a Non-Executive Director.  Mr Le Page will join the Board of
NextEnergy Solar Fund on 3 October 2023, succeeding Mr Vic Holmes as Senior
Independent Director of the Company from 1 January 2024 after Mr Holmes
retires from the Board on 31 December 2023.

 

Mr Le Page currently serves as a Non-Executive Director of RTW Biotech
Opportunities Fund Limited, TwentyFour Income Fund Limited, and Highbridge
Tactical Credit Fund Limited.  Mr Le Page recently retired from Bluefield
Solar Income Fund Limited having served 10 years as a Director and Chair of
their Audit and Risk Committee.

 

 

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

"The Board is delighted that Paul has agreed to join as a Non-Executive
Director, bringing extensive and relevant sector experience from both an
investment company and solar perspective. We are confident that Paul will add
significant value and we are looking forward to working with him."

 

Pursuant to Listing Rule 9.6.13 the following disclosure is made:

Mr Paul Le Page is a Non-Executive Director and Chairman of the Audit
Committee of RTW Biotech Opportunities Fund Limited.  Mr Paul Le Page is also
a Non-Executive Director of Highbridge Tactical Credit Fund Limited and
TwentyFour Income Fund 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

                                             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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