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
  0.50 0.42% 118.50 118.50 119.00 119.00 117.50 118.50 373,618 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 80.2 71.6 12.4 9.6 388

NextEnergy Solar Fund Limited NESF awarded LSE's Green Economy Accreditation

18/12/2019 7:00am

RNS Non-Regulatory


TIDMNESF

NextEnergy Solar Fund Limited

18 December 2019

18 December 2019

NextEnergy Solar Fund awarded LSE's Green Economy Accreditation

NextEnergy Solar Fund today announces that it has been awarded the London Stock Exchange's new Green Economy Mark, which recognises companies and investment funds that derive over 50% of their annual revenues from products and services that contribute to the Green Economy.

The London Stock Exchange launched the Green Economy accreditation on 11 October 2019 to support equity issuers implementing sustainable business models and investors who are increasingly focused on environmental products and services supporting the transition to a low carbon economy.

- ENDS -

For further information:

 
MHP Communications            020 3128 8100 
Oliver Hughes, Giles Robinson, Ailsa Prestige 
 

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able 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.

As at 30 September 2019, NESF raised equity proceeds of GBP792m (including GBP200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had financial debt outstanding of GBP211m, on a look-through basis including project level debt. Of the financial debt, GBP197m was long-term fully amortising debt, and GBP14m was drawn under a short-term credit facility.

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 nextenergysolarfund.com, nextenergycapital.com and 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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December 18, 2019 02:00 ET (07:00 GMT)

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