TIDMNESF

RNS Number : 0316O

NextEnergy Solar Fund Limited

27 September 2019

NextEnergy Solar Fund Limited

("NESF" or the "Company")

CHANGE OF AUDITOR

The Company announces that KPMG Channel Islands Limited has been appointed by the Board as Independent Auditor following the resignation of PricewaterhouseCoopers CI LLP ("PwC"). This follows a competitive audit tender process carried out by the Company.

PwC has confirmed to the Company that there are no matters connected with it ceasing to hold office that need to be brought to the attention of the Company's Shareholders for the purposes of section 273 of the Companies (Guernsey) Law, 2008.

For further information:

 
                                                           020 3746 
NextEnergy Capital Limited                                     0700 
Michael Bonte-Friedheim 
Aldo Beolchini 
 
 
                                                           020 7894 
 Cantor Fitzgerald Europe                                      7719 
Robert Peel 
                                                           020 7408 
Shore Capital                                                  4090 
Anita Ghanekar 
 
                                                           020 3037 
Macquarie Capital (Europe) Limited                             2000 
Nick Stamp 
 
 
                                                           020 3128 
MHP Communications                                             8100 
Oliver Hughes 
Apex Fund and Corporate Services (Guernsey) Limited   01481 735 827 
Nicholas 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 30 August 2019, NESF raised equity proceeds of GBP792m (including GBP200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had long-term fully amortising financial debt outstanding of GBP199m, on a look-through basis including project level debt.

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.

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September 27, 2019 12:22 ET (16:22 GMT)

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