NextEnergy Solar Fund Limited Notice of Results (1553E)
04 November 2020 - 6:00PM
UK Regulatory
TIDMNESF
RNS Number : 1553E
NextEnergy Solar Fund Limited
04 November 2020
LEI: 213800ZPHCBDDSQH5447
4 November 2020
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Notice of Results
NextEnergy Solar Fund, the solar power renewable energy
investment company, intends to announce its interim results for the
six months ended 30 September 2020 on Monday 23 November 2020.
NESF's Investment Adviser will host a webcast presentation for
analysts on the day of the results.
If you would like to receive further details of the webcast,
please contact Camarco on 020 3757 4980 or
mia.carlin@camarco.co.uk
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
Camarco 020 3757 4980
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors [i]:
A constituent of the FTSE 250 Index, NextEnergy Solar Fund
("NESF") is a renewable energy infrastructure investment company
that invests primarily in operating solar power plants in the UK
(it may invest up to 30% of its gross assets in other OECD
countries). The Company is committed to ESG principles and
responsible investment and makes a meaningful contribution to
reducing CO(2) emissions through the generation of clean solar
power. NESF has been designated a Guernsey Green Fund by the
Guernsey Financial Services Commission and has been awarded the
London Stock Exchange's Green Economy Mark.
NESF has a diversified portfolio comprising 91 operating solar
assets, primarily on agricultural, industrial and commercial sites,
with a combined installed power capacity of c.763MW.
As at 30 June 2020, the Company has gross assets of GBP987
million, of which 88% is invested in the UK, and net assets of
GBP576 million. The majority of long-term cash flows from its
investments are inflation-linked.
NESF'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
primarily UK-based solar energy infrastructure assets. The dividend
is payable quarterly, and the Company has announced a dividend
target for the year ending 31 March 2021 of 7.05p per ordinary
share.
NESF is differentiated by its access to NextEnergy Capital Group
("NEC Group"), its Investment Manager, which has a strong track
record in sourcing, acquiring and managing operating solar assets.
WiseEnergy is NEC Group's specialist operating asset management
division, which since its founding has provided operating asset
management, monitoring, technical due diligence and other services
to over 1,500 utility-scale solar power plants with an installed
capacity in excess of 1.7 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
[1] Note: All financial data is as at 30 June 2020, being the
latest date in respect of which NESF has published financial
information.
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END
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