NextEnergy Solar Fund Limited Net Asset Value Update and Quarterly Dividend (3900W)
August 01 2018 - 2:01AM
UK Regulatory
TIDMNESF
RNS Number : 3900W
NextEnergy Solar Fund Limited
01 August 2018
1 August 2018
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Net Asset Value Update and Quarterly Dividend
-- NAV at 30 June 2018 of GBP604m (31 March 2018: GBP605m)
-- NAV per share of 104.5p (31 March 2018: 105.1p)
-- Paid dividend of 6.42p per share for the year ended 31 March
2018 (four interim dividends of 1.605p per share paid
quarterly)
-- At 30 June 2018, the Company's portfolio comprised 75
operating assets with an installed capacity of 623MW (31 March
2018: 63 plants for 569MW installed).
-- Subsequent to the period end, the Company announced the
acquisition of ten further assets which increased the portfolio to
85 operating assets with an installed capacity of 689MW.
Net Asset Value
NESF, the specialist investment company that primarily invests
in operating solar power plants in the UK, announces its Net Asset
Value ("NAV") at 30 June 2018.
The NAV per share amounted to 104.5p as at 30 June 2018,
compared to 105.1p as at 31 March 2018. The movement in NAV per
share was mainly due to the change in the medium- and long-term
forecasts for power prices in the UK by independent market
consultants.
NESF has posted the Company's updated factsheet on its website
today.
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Sue Inglis
Robert Peel
Fidante Partners Europe
Limited 020 7832 0900
Tom Skinner
Justin Zawoda-Martin
Shore Capital 020 7408 4090
Anita Ghanekar
Macquarie Capital (Europe)
Limited 020 3037 2000
Nick Stamp
MHP Communications 020 3128 8100
Oliver Hughes
Ipes (Guernsey) Limited 01481 713 843
Nick Robilliard
Notes to Editors:
NESF is a specialist investment company that invests primarily
in operating solar power plants in the UK. It has the authority to
invest up to 15% of its Gross Asset Value in operating solar power
plants in OECD countries outside the UK. The Company's objective is
to secure attractive shareholder returns through RPI-linked
dividends and long-term capital growth. The Company achieves this
by acquiring solar power plants on agricultural, industrial and
commercial sites.
NESF has raised equity proceeds of GBP592m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. It also has credit facilities outstanding of GBP365m in
place (GBP149m from a syndicate including MIDIS, NAB and CBA;
MIDIS: GBP54m; ING GBP32m; UniCredit GBP32m; Santander GBP40m; and
Bayerische Landesbank GBP58m).
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 and over the course of its activities has provided
operating asset management, monitoring, technical due diligence and
other services to over 1,300 utility-scale solar power plants with
an installed capacity in excess of 1.9 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at www.nextenergysolarfund.com, www.nextenergycapital.com
and www.wise-energy.eu.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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