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LSE:NESF

NextEnergy Solar Fund

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Market:
LSE
Market Cap:
£585.03 m
Price
99.70 GBX
Change
-1.29%
52 weeks high
130.80
52 weeks low
87.00

In brief

About NextEnergy Solar Fund 

A constituent of the FTSE 250 Index, NextEnergy Solar Fund is a renewable energy infrastructure investment company that currently invests in operating solar power plants in the UK and Italy.  The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage.

NESF has a diversified portfolio comprising 92 operating solar assets, primarily on agricultural, industrial, and commercial sites, with a combined installed power capacity of c.813MW.

As at 31 December 2020, the Company had gross assets of £1,001 million, of which 88% was invested in the UK, and net assets of £591 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. 

Snapshot

  • Owns 91 solar generating assets in the UK and Italy
  • The investment trust currently has one of the highest yields in the solar sector
  • Consistently outperforms business plans