NextEnergy Solar Fund Limited Interim Dividend Declaration (5740Q)
October 19 2023 - 2:00AM
UK Regulatory
TIDMNESF
RNS Number : 5740Q
NextEnergy Solar Fund Limited
19 October 2023
LEI: 213800ZPHCBDDSQH5447
19 October 2023
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Interim Dividend Declaration
NextEnergy Solar Fund, a leading specialist investor in solar
energy and energy storage, is pleased to announce a second interim
dividend of 2.09 pence per Ordinary Share for the quarter ended 30
September 2023, in line with its previously stated target of paying
dividends of 8.35p for the year ended 31 March 2024. The interim
dividend of 2.09 pence will be paid on 29 December 2023 to
shareholders on the register as at the close of business on 17
November 2023. The ex-dividend date is 16 November 2023.
Separately, the Board has decided to cancel the Company's Scrip
Dividend Alternative until further notice in accordance with the
terms and conditions in the Scrip Dividend Circular dated 19 July
2023 due to low take up and the costs associated with continuing to
offer it. Therefore all shareholders will receive a Full Cash
Dividend in respect of the second interim dividend on the 29
December 2023.
For further information:
NextEnergy Capital 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Ross Grier
Stephen Rosser
Peter Hamid (Investor Relations)
RBC Capital Markets 020 7653 4000
Matthew Coakes
Elizabeth Evans
Kathryn Deegan
C avendish 020 7397 1 909
James King
William Talkington
H/Advisors Maitland 020 7379 5151
Neil Bennett
Finlay Donaldson
Ocorian Administration (Guernsey) Limited 014 8174 2642
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
GBP1,190m. For further information please visit www.
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: Ha s 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
-- WiseEnergy(R): 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
-- Starlight: H as d eveloped 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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