NextEnergy Solar Fund Limited Update on Ellough Solar Power Plant (4638R)
12 September 2014 - 4:00PM
UK Regulatory
TIDMNESF
RNS Number : 4638R
NextEnergy Solar Fund Limited
12 September 2014
12 September 2014
NextEnergy Solar Fund Limited ("NESF")
Ellough Solar Power Plant Secures 1.6 ROC Accreditation
- NESF's 14.9MWp Ellough solar power plant accredited under 1.6 ROC regime
- Total acquisition value increased from GBP18.0 million to GBP19.4 million
- Revenues since accreditation accrue to NESF
Further to the announcement on 28 July 2014, NESF is pleased to
announce that its Ellough solar power plant ("Ellough") has secured
accreditation under the 1.6 ROC regime.
The plant was commissioned in March 2014 and has been in
operation since then. All energy produced since commissioning will
be remunerated under the 1.6 ROC regime and all revenues will be
retained by NESF.
In accordance with information released at the time of Ellough's
acquisition, NESF will pay the vendor an increased consideration of
GBP1.4 million.
NextEnergy Capital Limited 020 3714 8948
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Sue Inglis
Gareth Price
Shore Capital 020 7408 4090
Bidhi Bhoma
Anita Ghanekar
MHP Communications 020 3128 8100
Rupert Trefgarne
Jamie Ricketts
Notes to Editors:
NextEnergy Solar Fund
NextEnergy Solar Fund (www.nextenergysolarfund.com) is a
specialist investment fund focused on operational solar
photovoltaic ("PV") assets located in the UK. The Company intends
to provide investors with a sustainable and attractive dividend
that increases in line with RPI over the long term and an element
of capital growth through the re-investment of net cash generated
in excess of the target dividend.
Further information on NextEnergy Capital and WiseEnergy is
available at www.nextenergycapital.com and www.wise-energy.eu.
This information is provided by RNS
The company news service from the London Stock Exchange
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