Nextenergy Solar Share Discussion Threads

[marktime1231] 21/3/2025 12:43:34

That a single point of failure has knocked out the whole airport for at least a day is a pathetic lack of resilience, apparently the back up power was taken out too. A bit like the UK relying on intermittent solar and wind power without building the energy storage which would secure supply. The biggest threat to the UK is our own stupidity.

Still, nice to see solar contributing over 10GW at peak yesterday. Not bad for March so far north. Who knows, NESF might actually be performing!

[roddyb] 21/3/2025 12:03:30

Maybe Heathrow airport would be interested in some NextEnergy solar this week?

[roddyb] 17/3/2025 15:17:06

I see Harmony Energy Income Trust plc is being bought out at a nice premium, could this be a comparable for our various valuations of our existing assets? Maybe we are becoming fashionable again?

[wallywoo] 17/3/2025 07:42:55

Strong chart resistance at this price level. However, fully expect it to break through. Then we are off to the race's. In the meantime, the huge dividend makes this attractive imho.

[masurenguy] 14/3/2025 13:55:42

Looks like the other solars - BSIF & FSFL - are also on the rise too ! 🤞

[wsm812] 14/3/2025 13:53:53

A push on up towards 80p is definitely on the cards now

[nickrl] 14/3/2025 13:47:49

@Roddyb those are for capacity market contracts not forward electricity prices.

On the day ahead market c80/MWhr is the average but doubt you will get this in the forward mkt.

[prokartace] 14/3/2025 13:09:38

Technicals using the current rising parallel lines suggest a short-term target of 75p

[cousinit] 13/3/2025 12:38:36

Mantels - issue is solar is delivered all at the same time. So the market price at those points can be depressed. More solar coming on stream may well exacerbate that.

Solar also the reverse of what's required in the UK - more in the winter and less in the summer would be the ideal...

This is why (co-located) batteries are potentially attractive to solar funds - charge up the batteries and then sell the energy into the evening peak (price).

[mantelsloris] 13/3/2025 11:44:59

I don't understand the argument for energy prices trending downwards, energy prices have always trended upwards

[roddyb] 13/3/2025 10:46:13

Just noticed SSE update to the market on T-4 contract prices for supply of electricity to the UK market

26-27 price agreed at £64/kw
28-29 price agreed at £60/kw

All far higher than our own averages shown on p43 of the 2024 interim report of £50-£55 for the corresponding years.

I suggest we are under-estimating our future income as electricity prices in the future are not retreating as predicted.

[speedsgh] 12/3/2025 12:24:32

@marktime1231 - "I seem to recall the refinanced c. £70M Santander part of the RCF was previously on base + 1.5%."

The rate (SONIA + 1.5%) on the now-retired £70m Santander RCF is confirmed in the table in today's rns.

[marktime1231] 12/3/2025 11:50:37

I seem to recall the refinanced c. £70M Santander part of the RCF was previously on base + 1.5%. The saving is welcome but there will have been an arrangement cost because it was due to run until June and Santander will want their pound of flesh.

Debt reduction is the imperative.

[nickrl] 12/3/2025 09:19:35

@garbetklb original dual facility split Jun 25/Jun28. They've got the lender of the Jun 28 portion to take on the 73m that needed refid at the same terms. Whether that was a provision in the agreement I don't know but I would expect the lenders to have run some checks before inking the arrangement. 1.2% is a very favourable margin which obviously indicates reasonable financial health to get their money back in 3 yrs. What I don't know is are they using this to bank roll the amortisation thats built into the loans associated with some of the SPV portfolios they acquired.

[garbetklb] 12/3/2025 08:46:09

And, notably absent, any info on what the margin was on the facilities being replaced......

[flyer61] 12/3/2025 08:05:31

1.2% over SONIA sounds like a good deal, however, what fees were paid for this facility?

[riskvsreward] 12/3/2025 07:44:20

Exactly, they need better marketing people

[grahamg8] 12/3/2025 07:39:12

An unfortunate title for the RNS - "reduce" sounds like bad news. "New RCF finance agreement on better terms" would convey the message to moron journalists in more digestible way.

[masurenguy] 12/3/2025 07:24:40

Revolving Credit Facilities Consolidated & Margin Reduced

NextEnergy Solar Fund is pleased to announce it has consolidated its two existing short-term Revolving Credit Facilities ("RCFs") into one facility, leading to an overall reduction in margin at attractive terms of 120bps over SONIA ("Sterling Overnight Index Average"). The new consolidated facility combines the Company's existing RCF with Santander into its other RCF under a consortium of lenders Allied Irish Banks - London branch, NatWest, and Lloyds. The new combined RCF has the same aggregated commitment limit of £205m and includes two additional 12-month extension options at the Company's sole discretion to bring the maturity date up to June 2028. The Company remains committed to the down payment of debt. As at 31 December 2024, the Company had down-paid a net amount of £46.3m of short-term debt through proceeds from the Capital Recycling Programme, and repaid a cumulative amount of £60.4m of long-term amortising debt from operational cashflows.

Helen Mahy, Chairwoman of NextEnergy Solar Fund, said: "I am pleased to report a reduction in NextEnergy Solar Fund's short-term revolving credit facility costs, as a result of the facility being consolidated at a market-leading rate of 120bps over SONIA. The Company is making good progress reducing its total debt, and it is encouraging that NextEnergy Solar Fund continues to make operational efficiencies where possible to benefit its shareholders."

[jpatara3] 05/3/2025 08:37:59

Big Tech and Green Energy (US)Big businesses are stepping in to buy power from new wind and solar farms. They're filling a gap left by governments that pulled the plug on subsidies for renewables.There was a 35 per cent jump in the amount of renewable power sold under these long-term agreements last year. And the total amount of renewable power like cumulatively sold under these agreements is now somewhere around 270GW, which is the equivalent of all of the power in Germany.Increase is basically being entirely driven by tech companies. Amazon is the biggest. And then all of the others are in there Google, Meta, Apple, and so on. And the reason they're doing this is because they promise that their data centres that they're using to train AI and all those other things are going to be powered by green energy. So they are looking for the power as they build out those data centres. these are long term deals directly between the people who are building the wind farms or the solar farms and the companies themselves. And it just stretches over a set period of time. So you'll say, I'll take this percentage and I'll pay this much for this many years. And for banks, that's a really big deal these days. They want to be able to see or have some certainty over the long term future of these projects. Banks are willing to fund green energy if demand is also seen to be coming from companies.

[prokartace] 03/3/2025 16:34:54

This is my biggest, non fixed income holding. Breakeven is very close. Will reduce holding on rally into div payment on 31/3.

[mantelsloris] 03/3/2025 16:17:17

The sunny weather giving this a boost

[wallywoo] 27/2/2025 11:41:31

httPs://www.proactiveinvestors.co.uk/companies/news/1066597/nextenergy-solar-hails-stable-quarterly-performance-maintains-dividend-target-1066597.htmlInteresting interview, FYI. Hold a fair few of these at an average around this level. Quite happy to hold. A solid investment in isa / sipp accounts imo. The tax implications of such a high dividend make it much less attractive otherwise.

[petersinthemarket] 22/2/2025 10:25:07

All way above my head.
Simple question - is this a buy atm, or not?
(I hold)
peter