Notice of AGM

LEI: 213800ZPHCBDDSQH5447

19 August 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Annual General Meeting

NextEnergy Solar Fund Limited announces that the Annual General Meeting ("AGM") will be held on 11 September 2020 commencing at 10.00 a.m., at the registered office of the Company at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL.

In connection with the AGM, a copy of the Shareholder Circular incorporating a Recommended Proposal regarding Changes to the Company's Investment Policy and Notice of the 2020 AGM (the "Circular") has been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at morningstar.co.uk/uk/NSM*. The Annual Report for the year ended 31 March 2020 (the "Annual Report"), which is being tabled to the AGM, has previously been submitted to the NSM and will also be available for inspection shortly at morningstar.co.uk/uk/NSM*

The Circular and Annual Report are also now available to view on, and download from, the Company's website at nextenergysolarfund.com*.

In light of the restrictions in place as a result of the COVID-19 pandemic, Shareholders are strongly encouraged to vote by way of proxy instead of attending the AGM in person. Should this position change, the Company will release an announcement prior to the AGM to confirm the position in line with the latest guidelines and restrictions in place.

 *Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Enquiries:

 Notes to Editors[i]:

A constituent of the FTSE 250 Index, NextEnergy Solar Fund ("NESF") is a renewable energy infrastructure investment company that invests primarily in operating solar power plants in the UK (it may invest up to 15% of its gross assets in other OECD countries). The Company is committed to ESG principles and responsible investment and makes a meaningful contribution to reducing CO2e emissions through the generation of clean solar power. NESF has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission and has been awarded the London Stock Exchange's Green Economy Mark.

NESF has a diversified portfolio comprising 90 operating solar assets, primarily on agricultural, industrial and commercial sites, with a combined installed power capacity in excess of c.755MW. As at 30 June 2020, the Company has gross assets of £987 million, of which 88% is invested in the UK, and net assets of £576 million. The majority of long-term cash flows from its investments are inflation-linked.

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 dividend is payable quarterly, and the Company has announced a dividend target for the year ending 31 March 2021 of 7.05p per ordinary share. 

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, which since its founding has provided operating asset management, monitoring, technical due diligence and other services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 1.7 GW.

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

[1] Note: All data is as at 30 June 2020, being the latest date in respect of which NESF has published financial information.