Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNextEnergy Solar Regulatory News (NESF)

Share Price Information for NextEnergy Solar (NESF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 71.80
Bid: 71.50
Ask: 71.70
Change: 0.50 (0.70%)
Spread: 0.20 (0.28%)
Open: 71.60
High: 71.80
Low: 71.30
Prev. Close: 71.30
NESF Live PriceLast checked at -
NextEnergy Solar is an Investment Trust

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.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

NESF partners with Zestec

11 Feb 2019 07:00

RNS Number : 5596P
NextEnergy Solar Fund Limited
11 February 2019
 

 

11 February 2019

 

NextEnergy Solar Fund Limited

 

("NESF" or "Company")

 

NESF partners with Zestec for commercial rooftop solar rollout

NextEnergy Solar Fund, the specialist investment company that primarily invests in operating solar power plants in the UK, has entered into a partnership with Zestec Asset Management Limited ("Zestec") for the future acquisition of operating solar plants to be installed on commercial properties.

· Framework agreement ("Framework Agreement") signed between NESF and Zestec

· Zestec to develop and build out solar projects on UK commercial rooftops

· Target up to £20m investment in 2019 to construct a portfolio of solar projects on commercial properties

· NESF has the option both to acquire operational assets and to fund construction of new assets

· NESF to monetise electricity generated principally from power purchase agreements ("PPAs") with commercial landlords

 

NESF has agreed a Framework Agreement with Zestec to install commercial solar PV across the UK using a PPA model developed jointly with Zestec. Zestec will source, develop and install solar power plants on commercial properties throughout the UK. Commercial landlords will buy the electricity produced by the solar PV system installed on their roofs under a PPA with NESF, at a reduced tariff compared to their normal electricity import cost. Projects constructed prior to 1 April 2019 will receive a 20-year RPI linked feed-in-tariff ("FiT").

Under the Framework Agreement, NESF has agreed to invest up to £20m in new solar installations in 2019, of which £5m has been committed to the initial batch of installations to be acquired during early 2019. NESF's status as a London Stock Exchange listed entity makes it attractive to landlords looking to ensure an identifiable counterparty and maintain a long-term relationship. NESF will enter into agreements ranging between 15 and 25 years with commercial business owners and landlords, receiving revenue from the PPA and, where assets are constructed before 1 April 2019, a supplemental FiT payment.

For further information:

NextEnergy Capital LimitedMichael Bonte-FriedheimAldo Beolchini

020 3746 0700

Cantor Fitzgerald EuropeRobert Peel

020 7894 7667

Fidante CapitalJohn Armstrong-Denby

020 7832 0900

Shore CapitalAnita Ghanekar

020 7408 4090

Macquarie Capital (Europe) LimitedNick Stamp

020 3037 2000

MHP CommunicationsOliver Hughes

020 3128 8100

Ipes (Guernsey) Limited Nicholas Robilliard

01481 755 137

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

As at 31 December 2018, NESF has raised equity proceeds of £692m (including £100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities outstanding of c.£296m in place (£148m from a syndicate including MIDIS, NAB and CBA; MIDIS: £52m; Santander £40m; and Bayerische Landesbank £56m).

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 and over the course of its activities 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 1.9 GW.

Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCBRGDDLXGBGCI
Date   Source Headline
22nd Mar 202412:54 pmRNSHolding(s) in Company
19th Mar 20247:00 amRNS1GW Milestone and 50MW Energy Storage Asset Online
15th Mar 20247:00 amRNS260MW International Solar Co-Investments Energised
11th Mar 202412:12 pmRNSUpdate from QuotedData
29th Feb 20244:03 pmRNSHolding(s) in Company
29th Feb 20247:00 amRNSQuarterly Net Asset Value & Operational Update
27th Feb 20247:00 amRNSChange to Remuneration and Nomination Committee
8th Feb 20247:00 amRNSInterim Dividend Declaration
2nd Feb 20244:00 pmRNSQuotedData's Weekly News & Interview
12th Dec 20231:00 pmRNSCaroline Chan to join the Board of Directors
22nd Nov 20237:00 amRNSInterim Results & Capital Recycling Update
21st Nov 20237:00 amRNSChange to Director Roles and Responsibilities
17th Nov 20233:00 pmRNSInvestor Presentation via Investor Meet Company
30th Oct 20237:00 amRNSNotice of Interim Results
24th Oct 20231:49 pmRNSHolding(s) in Company
19th Oct 20237:00 amRNSInterim Dividend Declaration
2nd Oct 20239:15 amRNSPaul Le Page joins the Board of Directors
2nd Oct 20237:00 amRNSTotal Voting Rights
25th Sep 20232:11 pmRNSHolding(s) in Company
14th Sep 20237:00 amRNSScrip Dividend Shares - Additional Listing
24th Aug 20237:00 amRNSScrip Reference Price
17th Aug 20237:00 amRNSQuarterly Net Asset Value and Operational Update
16th Aug 20235:53 pmRNSChange to Director Roles and Responsibilities
16th Aug 20235:15 pmRNSResult of AGM
10th Aug 20239:31 amRNSInterim Dividend Declaration
10th Aug 20237:00 amRNSInterim Dividend Declaration
26th Jul 20237:00 amRNSStandalone Sustainability Report Publication
20th Jul 20237:00 amRNSNotice of AGM
12th Jul 20235:14 pmRNSUpdate from QuotedData
3rd Jul 20237:00 amRNSTotal Voting Rights
19th Jun 20235:33 pmRNSShare Purchase by Chairman and Chair-elect
19th Jun 20235:29 pmRNSDirector/PDMR Shareholding
19th Jun 20235:27 pmRNSDirector/PDMR Shareholding
19th Jun 20237:00 amRNSFull Year Results for period ended 31 March 2023
14th Jun 20237:00 amRNSScrip Dividend Shares - Additional Listing
5th Jun 20237:00 amRNSNotice of Full Year Results
25th May 20237:00 amRNSScrip Reference Price
12th May 20237:01 amRNS11% Dividend Target Increase
12th May 20237:00 amRNSQuarterly Net Asset Value and Operational Update
11th May 20236:20 pmRNSInterim Dividend Declaration
27th Apr 20237:00 amRNSCapital Recycling Programme
6th Apr 202312:15 pmRNSDirector Declaration
5th Apr 20237:00 amRNSNextEnergy Group employee shareholdings in NESF
4th Apr 20237:00 amRNSSecond Co-Investment: Long Term PPA Secured
3rd Apr 20237:30 amRNSTotal Voting Rights
3rd Apr 20237:00 amRNSHelen Mahy joins Board of Directors
8th Mar 20237:00 amRNSScrip Dividend Shares - Additional Listing
1st Mar 20237:00 amRNSGB Capacity Market Contracts & 50MW Battery Update
23rd Feb 20237:00 amRNSScrip Reference Price
22nd Feb 20237:00 amRNSEnergy Storage Strategy

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.