![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nextenergy Solar Fund Limited | LSE:NESF | London | Ordinary Share | GG00BJ0JVY01 | RED ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.60 | -0.73% | 82.10 | 82.10 | 82.70 | 82.70 | 82.10 | 82.70 | 435,189 | 10:50:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 66.03M | 48.32M | 0.0818 | 10.04 | 488.61M |
TIDMNESF
RNS Number : 2599K
NextEnergy Solar Fund Limited
23 June 2014
23 June 2014
NextEnergy Solar Fund Limited ("NESF")
Agreement to acquire 9.4MWp solar power plant
- Share purchase agreement signed to acquire 9.4MWp Gover Farm solar power plant - Total acquisition value of up to GBP10.5 million - Purchase conditional on issuance of preliminary acceptance certificate ("PAC") - PAC to be achieved by August 2014 - Commitment accounts for c. 12% of NESF's IPO proceeds - Total of c. 30% of IPO proceeds now allocated across three assets for a total of c. 22MWp
NESF is pleased to announce the signing of the share purchase agreement ("SPA") to acquire a special purpose vehicle ("SPV") owning the rights to construct a solar power plant. The plant is Gover Farm Power Plant ("Gover Farm"), located in Cornwall.
Gover Farm will be constructed under an Engineering, Procurement and Construction contract ("EPC") negotiated by NESF. Under the terms of the EPC, the plan is to achieve PAC by August 2014. The plant will be accredited under the 1.4 Renewable Obligation Certificate regime. NESF has committed to acquire the SPV, subject to certain timing and performance criteria being achieved, for a total consideration of up to GBP10.5 million.
The plant was identified in NESF's Prospectus as a 'core shortlist' asset, and will be acquired on a full-equity basis. The capital committed to the acquisition amounts to c. 12% of proceeds raised in NESF's IPO.
NextEnergy Capital Limited 020 3239 9054 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
END
ACQUOSKRSNANURR
1 Year Nextenergy Solar Chart |
1 Month Nextenergy Solar Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions