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LSE:NESF

NextEnergy Solar Fund

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Market:
LSE
Market Cap:
£627.92 m
Price
107.20 GBX
Change
0.75%
52 weeks high
126.50
52 weeks low
87.00

In brief

NextEnergy Solar Fund Limited is a closed-ended investment company limited by shares, registered and incorporated in Guernsey.

The Company is a constituent of the FTSE 250 Index and has been awarded the Green Economy Mark by the London Stock Exchange and designated a Guernsey Green Fund by the Guernsey Financial Services Commission. 

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.

Snapshot

  • Owns 90 solar genrating assets in the UK and Italy
  • The investment trust currently has the highest yield in the solar sector
  • Consistently outperforms business plans