TIDMNESF
RNS Number : 7351M
NextEnergy Solar Fund Limited
25 January 2021
LEI: 213800ZPHCBDDSQH5447
25 January 2021
NextEnergy Solar Fund Limited
("NESF" or the "Company")
NextEnergy Capital Group Publishes its 2020 Sustainable
Development Goals (SDG) Report
NextEnergy Solar Fund, the FTSE 250 solar power renewable energy
investment company providing shareholders with an attractive
risk-adjusted return from a diversified portfolio of primarily
UK-based assets, is pleased to announce that its investment
manager, NextEnergy Capital Group ("NEC") has released its 2020
Sustainable Development Goals (SDG) report. This is now available
to view and download from the Company's website
www.nextenergycapital.com
Link: NextEnergy_2020_SDG_Report.pdf
(nextenergyfoundation.org)
Giulia Guidi, Head of ESG at NEC Group, commented:
"The events of the past year have further illuminated that
beyond financial performance, the health of the environment, the
people, and the local communities in which we operate is paramount.
We started reporting on our impacts against the UN Sustainable
Development Goals (SDGs) in 2019 and have utilised them as the
basis for our corporate sustainability framework.
This year, as we publish our second impact report, we believe
the COVID-19 pandemic has served to emphasize the acute
comprehensiveness and continued relevance of the SDGs. The goals
holistically conceptualize the interplay between environmental,
social, and governance factors; a sentiment that is reflected in
our values as a company. Our work with the NextEnergy Foundation
facilitates our mission to have a positive social impact beyond our
core business operations.
This mission has generated strong momentum and has increased our
alignment with the SDGs. Over the last year we have improved the
way we measure our funds' contribution to climate mitigation, but
also on water management, biodiversity, labour conditions, health
and safety, and community engagement. Through the Foundation, our
contributions to numerous initiatives have helped to alleviate the
side-effects that the pandemic has had on families and children in
the UK, Italy, Nepal, Malawi, Zambia, and Uganda.
As we look to the year ahead, it is clear that improving our
developments across all areas of the SDGs is imperative. We will
continue to monitor, measure and manage our contribution to the
SDGs, and look forward to updating stakeholders on our progress.
"
For further information:
NextEnergy Capital Group 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Aldo Beolchini
Cenkos Securities 020 7397 8900
James King
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
Camarco 020 3781 8334
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors :
A constituent of the FTSE 250 Index, NextEnergy Solar Fund is a
renewable energy infrastructure investment company that invests
primarily in operating solar power plants in the UK. The Company
may however invest up to 30% of its gross assets in other OECD
countries. NESF is committed to ESG principles and responsible
investment and makes a meaningful contribution to reducing CO(2)
emissions through the generation of clean solar power. NESF has
been designated a Guernsey Green Fund by the Guernsey Financial
Services Commission and has been awarded the London Stock
Exchange's Green Economy Mark.
As at 30 October 2020, NESF has a diversified portfolio
comprising 91 operating solar assets, primarily on agricultural,
industrial and commercial sites, with a combined installed power
capacity of c.763MW.
As at 30 September 2020, the Company has gross assets of GBP994
million, of which 88% is invested in the UK, and net assets of
GBP583.5 million. The majority of long-term cash flows from its
investments are inflation-linked.
NESF'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
primarily UK-based solar energy infrastructure assets. The dividend
is payable quarterly, and the Company has announced a dividend
target for the year ending 31 March 2021 of 7.05p per ordinary
share.
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, which since its founding has provided operating asset
management, monitoring, technical due diligence and other services
to over 1,500 utility-scale solar power plants with an installed
capacity in excess of 2.3GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
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