Interim Dividend Declaration

LEI: 213800ZPHCBDDSQH5447

10 August 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Interim Dividend Declaration

NextEnergy Solar Fund, the specialist solar+ fund is pleased to announce an interim dividend of 2.08 pence per Ordinary Share for the quarter ended 30 June 2023. The interim dividend of 2.08 pence will be paid on 29 September 2023 to shareholders on the register as at the close of business on 1 September 2023. The ex-dividend date is 18 August 2023.

The Company continues to offer shareholders a Scrip Dividend alternative to this interim dividend as detailed in the Scrip Circular dated 19 July 2023, a copy of which can be viewed and / or downloaded from 'Circulars' in the Investor Relations part of the Company website (nextenergysolarfund.com). The Scrip Share reference price will be announced on 24 August 2023, with elections to be made by 1 September 2023.

Notes to Editors1:

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 £1,218m. 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: Has 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 $3.7bn.  www.nextenergycapital.com

· WiseEnergy®:  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: Has developed 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.