TIDMNESF

RNS Number : 5740Q

NextEnergy Solar Fund Limited

19 October 2023

LEI: 213800ZPHCBDDSQH5447

19 October 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Interim Dividend Declaration

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce a second interim dividend of 2.09 pence per Ordinary Share for the quarter ended 30 September 2023, in line with its previously stated target of paying dividends of 8.35p for the year ended 31 March 2024. The interim dividend of 2.09 pence will be paid on 29 December 2023 to shareholders on the register as at the close of business on 17 November 2023. The ex-dividend date is 16 November 2023.

Separately, the Board has decided to cancel the Company's Scrip Dividend Alternative until further notice in accordance with the terms and conditions in the Scrip Dividend Circular dated 19 July 2023 due to low take up and the costs associated with continuing to offer it. Therefore all shareholders will receive a Full Cash Dividend in respect of the second interim dividend on the 29 December 2023.

 
 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 
 C avendish                                     020 7397 1 909 
 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

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the premium segment of the London Stock Exchange and is a FTSE 250 constituent.

NextEnergy Solar Fund'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 NextEnergy Solar Fund portfolio has a combined installed power capacity of 865MW (excluding NextPower III MW on an equivalent look-through basis) generating enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year. The Fund 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 30 June 2023, the Company had an unaudited gross asset value of GBP1,190m. For further information please visit www. nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation. NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital website.

About NextEnergy Group

NextEnergy Solar Fund 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 375 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 $3.9bn. www.nextenergycapital.com

-- WiseEnergy(R): Provides solar asset management, monitoring and technical due diligence services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.6GW. 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 unaudited at 30 June 2023, being the latest date in respect of which NextEnergy Solar Fund has published financial information

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