NextEnergy Solar Fund Ltd.

Notice of Dividend Amount • Aug 26, 2021

National Storage Mechanism | Additional information

RNS Number : 9293J

NextEnergy Solar Fund Limited

26 August 2021

LEI: 213800ZPHCBDDSQH5447

26 August 2021

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Scrip Reference Price

NextEnergy Solar Fund, the solar power renewable energy investment company providing shareholders with an attractive risk-adjusted return from a diversified portfolio of primarily UK-based assets, is pleased to announce the reference price of a new Ordinary Share under the scrip dividend alternative for the interim dividend for the quarter ended 30 June 2021 which has been set at 99.05 pence. This is the average of the middle market prices of the Company's shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days. The final date for receiving elections on the scrip is 3 September 2021.

The process for electing to receive Scrip Shares or making changes to an existing Scrip Dividend Mandate is detailed in the Scrip Circular dated 12 July 2021.

If you wish to receive this interim dividend in cash on the whole of your holding, and do not have a Scrip Dividend Mandate in place, you do not need to take any further action.

If you already have a Scrip Dividend Mandate in place and you wish to continue to receive Scrip Shares, you do not need to take any further action.

The Scrip Circular dated 12 July 2021 can be viewed and/or downloaded from the Investor Relations part of the NESF website (nextenergysolarfund.com). Copies of these documents can also be obtained from the Company Secretary.

For further information:

NextEnergy Capital Group	020 3746 0700
Michael Bonte-Friedheim	ir@nextenergysolarfund.com
Aldo Beolchini Ross Grier Peter Hamid (Investor Relations)
Cenkos Securities	020 7397 8900
James King William Talkington
Shore Capital	020 7408 4090
Anita Ghanekar Sarah Mather
Camarco	020 3781 8334
Owen Roberts Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey) Limited	01481 735 827
Nick Robilliard Duke Le Prevost

Notes to Editors1:

About NextEnergy Solar Fund

NESF is a specialist solar power renewable energy investment company listed on the premium segment of the London Stock Exchange that invests in operating utility-scale solar power plants.  The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private equity structures, and 10% in energy storage.

NESF currently has a diversified portfolio comprising 99 operating solar assets (primarily on agricultural, industrial, and commercial sites), and a $50m commitment into NextPower III (a private ESG solar infrastructure fund providing exposure to operating and in-development international solar assets).

The NESF portfolio has a combined installed power capacity of 893MW (including NextPower III MW on an equivalent look-through basis).

As at 30 June 2021, the Company had gross assets of £1,058 million and net assets of £580 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.

For further information on NESF please visit nextenergysolarfund.com

Commitment to ESG

NESF is committed to ESG principles and responsible investment which make a meaningful contribution to reducing CO2 emissions through the generation of clean solar power.  NESF will only select investments that meet the requirements of NEC Group's Sustainable Investment Policy.  Based on this policy, NESF benefits from NEC's rigorous ESG due diligence on each investment.  NESF is committed to reporting on its ESG performance in accordance with the UN Sustainable Development Goals framework and the EU Sustainable Finance Disclosure Regulation.

NESF has been awarded the London Stock Exchange's Green Economy Mark and has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission.

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 website (nextenergysolarfund.com/esg/) & NEC Group website (nextenergycapital.com/sustainability/transparency-and-reporting/).

About NextEnergy Capital Group ("NEC Group")

NESF is managed by the NextEnergy Capital Group, a specialist solar investment manager, which has a strong track record in sourcing, acquiring, and managing operating solar assets.  NEC Group is a leading player in the global solar investment sector and has over 190 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.8bn across three institutional funds.

NextEnergy Capital Group donates at least 5% of its net annual profits to NextEnergy Foundation. NextEnergy Foundation is an international charity that was founded in 2016. Its mission is to participate proactively in the global effort to reduce carbon emissions, provide clean power sources in regions where they are not yet available, and contribute to poverty alleviation.

For further information on NEC Group please visit nextenergycapital.com  

For further information on NextEnergy Foundation visit nextenergyfoundation.org 

About WiseEnergy

WiseEnergy is NEC Group's specialist operating asset management division made up over 110 professionals.  NESF is differentiated by its access to WiseEnergy, which provides 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 2.2GW, across seven markets.

For further information on WiseEnergy please visit wise-energy.com  

[1] Note: All financial data is as at 30 June 2021, being the latest date in respect of which NESF has published financial information

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