Last checked at 
18 Sep 2014 07:00
18 September 2014
NextEnergy Solar Fund Limited ("NESF")
Revolving Credit Facility
- NESF announces signing of a revolving credit facility ("RCF") of up to £31.5 million
- RCF designed to fund additional solar power plant acquisitions
- NESF has to date deployed in excess of 90% of its IPO proceeds since listing at the end of April 2014
NESF is pleased to announce that it has signed financing documentation for a two-year revolving credit facility of up to £31.5 million which is being provided by Macquarie Bank Limited.
The RCF will allow NESF to acquire further solar power plants from among its pipeline of opportunities. NESF is currently undertaking due diligence on twelve projects amounting to c206MW in respect of which it has entered into letters of intent containing exclusivity provisions, and expects to announce acquisitions from among this pipeline shortly.
NextEnergy Capital Limited | 020 3714 8948 |
Michael Bonte-Friedheim |
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Aldo Beolchini |
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Cantor Fitzgerald Europe | 020 7894 7667 |
Sue Inglis |
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Gareth Price |
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Shore Capital | 020 7408 4090 |
Bidhi Bhoma | |
Anita Ghanekar | |
MHP Communications | 020 3128 8100 |
Rupert Trefgarne | |
Jamie Ricketts |
Notes to Editors:
NextEnergy Solar Fund
NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment fund focused on operational solar photovoltaic ("PV") assets located in the UK. The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.
Further information on NextEnergy Capital and WiseEnergy is available at www.nextenergycapital.com and www.wise-energy.eu.