TIDMNESF

RNS Number : 2131D

NextEnergy Solar Fund Limited

19 June 2023

LEI: 213800ZPHCBDDSQH5447

19 June 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Share Purchase by Chairman and Chair-elect

NextEnergy Solar Fund, the specialist solar+ fund, announces that Helen Mahy, Chair-elect of NESF and Kevin Lyon, Chairman of NESF (via connected persons), have today purchased additional ordinary shares in the Company as set out below and in the following PDMR shareholding announcements.

 
 Name          Title                               Number of Ordinary Shares          Resulting beneficial interest in 
                                                   purchased                          the Company's Ordinary Shares 
 Kevin Lyon    Chairman (and connected persons)    50,000                             260,000 
              ----------------------------------  ---------------------------------  --------------------------------- 
               Chair-elect, Non-Executive 
 Helen Mahy     Director                           19,605                             58,191 
              ----------------------------------  ---------------------------------  --------------------------------- 
 
 
 For further information: 
 
  NextEnergy Capital                              020 3746 0700 
  Michael Bonte-Friedheim                         ir@nextenergysolarfund.com 
 Ross Grier 
 Stephen Rosser 
 Peter Hamid (Investor Relations) 
 
   RBC Capital Markets                          020 7653 4000 
 Matthew Coakes 
 Elizabeth Evans 
  Kathryn Deegan 
 Cenkos Securities                              020 7397 8900 
 James King 
 William Talkington 
 
   H/Advisors Maitland                          020 7379 5151 
 Neil Bennett 
 Finlay Donaldson 
 
 
   Ocorian Administration (Guernsey) Limited    014 8174 2642 
 Kevin Smith

Notes to Editors(1) :

About NextEnergy Solar Fund

NESF is a specialist solar+ fund listed on the premium segment of the London Stock Exchange and is a constituent of the FTSE 250. 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 utility-scale solar energy and energy storage infrastructure assets. The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

The NESF portfolio has a combined installed power capacity of 865MW (excluding NextPower III MW on an equivalent look-through basis). NESF may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private infrastructure funds, and 10% in energy storage assets. As at 31 March 2023, the Company had an audited gross asset value of GBP1,218m. For further information on NESF please visit www. nextenergysolarfund.com

Article 9 Fund

NESF is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation. 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 & NEC website.

About NextEnergy Group

NESF is managed by NextEnergy Capital, part of the NextEnergy Group. NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector. Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions. NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

-- NextEnergy Capital: Ha s over 16 years specialist solar expertise having invested in over 350 individual solar plants across the world. NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 2.4GW+ and has asset under management of $3.3bn. www.nextenergycapital.com

-- WiseEnergy(R): Provides solar asset management, monitoring and technical due diligence services to over 1,350 utility-scale solar power plants with an installed capacity in excess of 1.8GW. WiseEnergy clients comprise leading banks and equity financiers in the energy and infrastructure sector. www.wise-energy.com

-- Starlight: H as d eveloped over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.

Notes:

(1:) All financial data is audited at 31 March 2023, being the latest date in respect of which NESF has published financial information

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