NextEnergy Solar Fund Limited Guernsey Green Fund Status Awarded (1032E)
26 Febrero 2020 - 1:00AM
UK Regulatory
TIDMNESF
RNS Number : 1032E
NextEnergy Solar Fund Limited
26 February 2020
26 February 2020
NextEnergy Solar Fund Limited
("NESF" or the "Company")
GUERNSEY GREEN FUND STATUS AWARDED
The Board of NESF is pleased to announce that the Company has
been successful in obtaining Guernsey Green Fund status from the
Guernsey Financial Services Commission ("GFSC").
Following an application to the GFSC via Route 1 suitable
third-party certification, NESF is deemed to have met the following
investment criteria as outlined in the Guernsey Green Fund Rules,
2018 ("Rules"):
-- The property of a Guernsey Green Fund shall be invested with
the aim of spreading risk and with the ultimate objective of
mitigating environmental damage resulting in a net positive outcome
for the environment.
-- A Guernsey Green Fund shall comprise 75% assets by value that
meet the Guernsey Green Fund Rules criteria. The remaining 25% must
not lessen or reduce the Guernsey Green Fund's overall objective of
mitigating environmental damage nor comprise an investment of a
type specified within schedule 3 of the Rules.
The Route 1 suitable third-party certification was provided by
Grant Thornton Limited in the form of an independent limited
assurance report and their engagement was conducted in accordance
with the International Standard on Related Services ("ISRS") 4400
"Engagements to Perform Agreed-Upon Procedures Regarding Financial
Information".
Kevin Lyon, Chairman of NESF, commented:
"As a Board, we are proud of NESF's green credentials and our
team's commitment to ESG principles and responsible investment.
Achieving Guernsey Green Fund status is further testament to the
positive environmental impact that NESF and its solar investments
continue to deliver, in terms of both reducing CO(2) emissions
through solar power generation and championing biodiversity across
our solar estate."
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
MHP Communications 020 3128 8100
Oliver Hughes
Giles Robinson
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
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 2019, NESF had raised equity proceeds of
GBP592m and issued preference shares of GBP200m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. The Company's subsidiaries had financial debt
outstanding of GBP212m, on a look-through basis including project
level debt. Of the financial debt, GBP193m was long-term fully
amortising debt, and GBP19m was drawn under a short-term credit
facility.
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 www.nextenergysolarfund.com ,
www.nextenergycapital.com and www.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
MSCFLFLRFLIEFII
(END) Dow Jones Newswires
February 26, 2020 02:00 ET (07:00 GMT)
Nextenergy Solar (LSE:NESF)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Nextenergy Solar (LSE:NESF)
Gráfica de Acción Histórica
De May 2023 a May 2024