NextEnergy Solar Regulatory News (NESF)

LEI: 213800ZPHCBDDSQH5447

8 February 2022

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Interim Dividend

NextEnergy Solar Fund, the 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 an interim dividend of 1.79 pence per Ordinary Share for the quarter ending 31 December 2021. The interim dividend of 1.79 pence will be paid on 31 March 2022 to shareholders on the register as at the close of business on 18 February 2022. The ex-dividend date is 17 February 2022.

The Company will also be offering shareholders a scrip dividend alternative to this interim dividend as detailed in the Scrip Circular dated 12 July 2021, a copy of which can be viewed and / or downloaded from 'Circulars' in the Investor Relations part of the NESF website (nextenergysolarfund.com). The Scrip Share reference price will be announced on 24 February 2022, with elections to be made by 4 March 2022.

For further information:

Notes to Editors1:

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 895MW (including NextPower III MW on an equivalent look-through basis).

As at 30 September 2021, the Company had a gross asset value of £1,087 million, being the aggregate of the net asset value of the ordinary shares, the fair value of the preference shares and the amount of NESF Group debt outstanding, and a net asset value of £607million.

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 200 team members with offices in UK, Italy, India, and the USA.

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 unaudited as at 30 September 2021, being the latest date in respect of which NESF has published financial information