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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.40 | -0.53% | 75.50 | 75.00 | 75.50 | 76.40 | 75.20 | 75.90 | 588,176 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 66.03M | 48.32M | 0.0818 | 9.22 | 445.48M |
TIDMNESF
RNS Number : 9859W
NextEnergy Solar Fund Limited
07 August 2018
7 August 2018
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Acquisition of 282 rooftop solar assets in the UK with a total installed capacity of 1.15MW
-- Share purchase agreement signed to acquire two portfolios of rooftop solar assets across the UK, with an installed capacity of 1.15MW for a total investment value of GBP3.6m
-- The two portfolios consist of 282 assets, of which seven are commercial rooftop and the rest residential rooftops
-- NESF's second rooftop portfolio acquisition
NESF, a specialist investment company that invests primarily in UK solar power plants, is pleased to announce the signing and completion of a share purchase agreement for the acquisition of two portfolios of operating rooftop solar consisting of 282 assets, an overall installed capacity of 1.15MW. The first portfolio consists of 63 rooftop solar assets, of which 7 are commercial and the remaining residential, and the second portfolio consists of 219 residential rooftop assets.
All 282 rooftop assets were connected to grid between 2011 and 2012 and receive feed-in-tariff subsidies and an export tariff. The average size of the residential installations is 2kW.
The acquisition increases NESF's operating portfolio to 87 assets with a total capacity of 691MW and total investment value of GBP894m.
For further information:
NextEnergy Capital Limited 020 3746 0700 Michael Bonte-Friedheim Aldo Beolchini Cantor Fitzgerald Europe 020 7894 7667 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 c.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.
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August 07, 2018 02:00 ET (06:00 GMT)
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