TIDMNESF
RNS Number : 3522Q
NextEnergy Solar Fund Limited
27 October 2021
LEI: 213800ZPHCBDDSQH5447
27 October 2021
NextEnergy Solar Fund Limited
("NESF" or the "Company")
NextEnergy Capital Publishes 2021 Sustainable Development Goals
Report
NextEnergy Solar Fund, the specialist solar power renewable
energy investment company, is pleased to announce that its
investment manager, NextEnergy Capital ("NEC") has released its
2021 Sustainable Development Goals (SDG) report.
As we approach COP26, this standalone report continues to
demonstrate NEC's commitment to the highest levels of transparency
and disclosure, highlighting NEC's contributions to climate change
mitigation and to positive global societal impacts, which NESF is
part of.
By offering investors an opportunity to decarbonise their
portfolio, NEC is consistently facilitating the transition towards
sustainable energy while simultaneously contributing to other
social targets and community benefits.
Since NESF's IPO in 2014, NEC has successfully recorded its
green impact data enabling NESF to report its historical impacts.
NEC is proud to confirm that, to date, the NESF portfolio has
generated 3,459 GWh of clean, renewable energy to avoid the release
of 1,490 k-tons CO(2e) to the atmosphere, equivalent to powering
around 900,000 homes sustainably, and removing more than 500,000 of
carbon emitting petrol/diesel cars from the road.
The full SDG report is available to view and download from the
NextEnergy Capital website here:
https://cdn.next1.nextenergycapital.com/next/2021/10/NextEnergy_SDG_Report20_21.pdf
Giulia Guidi, Head of ESG at NEC Group, commented:
"With COP26 around the corner, there has never been a more
important time to highlight NESF's tangible ESG and sustainability
benefits. The UN SDGs are a crucial framework for NEC to
consistently measure progress towards our commitment and each year
we continue to enhance the transparency of all of our funds'
sustainability and ESG reporting. We also continue to work
alongside specialist sustainability third party advisors to ensure
the quality and accuracy of our data is best in class."
For further information:
NextEnergy Capital Group 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Aldo Beolchini
Ross Grier
Peter Hamid (Investor Relations)
Cenkos Securities 020 7397 8900
James King
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Fiona Conroy - Corporate Broking
Camarco 020 3781 8334
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey)
Limited 01481 735 827
Nick Robilliard
Notes to Editors(1) :
About NextEnergy Solar Fund
NESF is a specialist solar power renewable energy investment
company listed on the premium segment of the London Stock Exchange
that invests in operating utility-scale solar power plants. The
Company may invest up to 30% of its gross asset value in non-UK
OECD countries, 15% in solar-focused private equity structures, and
10% in energy storage.
NESF currently has a diversified portfolio comprising 99
operating solar assets (primarily on agricultural, industrial, and
commercial sites), and a $50m commitment into NextPower III (a
private ESG solar infrastructure fund providing exposure to
operating and in-development international solar assets).
The NESF portfolio has a combined installed power capacity of
893MW (including NextPower III MW on an equivalent look-through
basis).
As at 30 June 2021, the Company had gross assets of GBP1,058
million and net assets of GBP580 million.
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 majority
of long-term cash flows from its investments are
inflation-linked.
For further information on NESF please visit
nextenergysolarfund.com
Commitment to ESG
NESF is committed to ESG principles and responsible investment
which make a meaningful contribution to reducing CO2 emissions
through the generation of clean solar power. NESF will only select
investments that meet the requirements of NEC Group's Sustainable
Investment Policy. Based on this policy, NESF benefits from NEC's
rigorous ESG due diligence on each investment. NESF is committed to
reporting on its ESG performance in accordance with the UN
Sustainable Development Goals framework and the EU Sustainable
Finance Disclosure Regulation.
NESF has been awarded the London Stock Exchange's Green Economy
Mark and has been designated a Guernsey Green Fund by the Guernsey
Financial Services Commission.
NESF's sustainability-related disclosures in the financial
services sector in accordance with Regulation (EU) 2019/2088 can be
accessed on the ESG section of both the NESF website (
nextenergysolarfund.com/esg/ ) & NEC Group website (
nextenergycapital.com/sustainability/transparency-and-reporting/
).
About NextEnergy Capital Group ("NEC Group")
NESF is managed by the NextEnergy Capital Group, a specialist
solar investment manager, which has a strong track record in
sourcing, acquiring, and managing operating solar assets. NEC Group
is a leading player in the global solar investment sector and has
over 190 team members with offices in UK, Italy, India, and the USA
and assets under management of over $2.9bn across three
institutional funds.
NextEnergy Capital Group donates at least 5% of its net annual
profits to NextEnergy Foundation. NextEnergy Foundation is an
international charity that was founded in 2016. Its mission is to
participate proactively in the global effort to reduce carbon
emissions, provide clean power sources in regions where they are
not yet available, and contribute to poverty alleviation.
For further information on NEC Group please visit
nextenergycapital.com
For further information on NextEnergy Foundation visit
nextenergyfoundation.org
About WiseEnergy
WiseEnergy is NEC Group's specialist operating asset management
division. NESF is differentiated by its access to WiseEnergy, which
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 2.2GW.
For further information on Wise Energy please visit
wise-energy.com
([1]) Note: All financial data is as at 30 June 2021, being the
latest date in respect of which NESF has published financial
information
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