REG - NextEnergy Solar Fnd - Publication of Sustainability & ESG Report

NextEnergy Solar FundAnnouncement

19/06/2024 07:15

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RNS Number : 9501S  NextEnergy Solar Fund Limited  19 June 2024

LEI: 213800ZPHCBDDSQH5447

19 June 2024

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

 

Publication of Standalone Sustainability & ESG Report

 

NextEnergy Solar Fund, a leading specialist investor in solar energy and
energy storage, is pleased to announce it has published its third standalone
annual Sustainability & ESG Report for the year ended 31 March 2024 (the
"Report") and is proud to share that the Company is an early adopter of the
International Sustainability Standard Board ("ISSB") standards S1 and S2,
becoming the first in its peer group to voluntarily adhere to these
high-quality standards.

 

The Report is now available to download from the Sustainability & ESG
Reports section of the Company's website here:
https://www.nextenergysolarfund.com/esg/esg-reports-and-publications/
(https://www.nextenergysolarfund.com/esg/esg-reports-and-publications/)

 

The Report makes all relevant disclosures in alignment with the inaugural S1
and S2 standards of the ISSB and in alignment with ISSB requirements is
designed to be read in conjunction with the NESF 2024 Annual Report
(https://www.nextenergysolarfund.com/reports-and-publications/) to evidence
the full integration of Sustainability & ESG into its financial reporting.

 

NESF continues to focus on three principal sustainability topics: climate,
nature and social-related issues, with supply chain considerations
incorporated as part of these.  The Report informs all relevant stakeholders
of NESF's approach to sustainability, how it executes its strategy, and how it
creates impact.

 

Josephine Bush, Chairwoman of the NESF Board ESG Committee, commented:

"The previous twelve months have seen the global energy transition gather
pace, despite macroeconomic headwinds.  NESF is incredibly proud to have
become an early adopter of the International Sustainability Standards Board
("ISSB") standards S1 and S2, becoming the first in the renewable investment
company peer group to voluntarily adhere to these high-quality standards.

 

The standards cover and expand on the Taskforce for Climate-related Financial
Disclosures guidance, through a dedicated ISSB aligned Sustainability and ESG
Report. This is the first ISSB reporting year and acts as a demonstration of
the Company's transparent approach to doing business.  NESF continues to
monitor with interest the UK adoption of the Standards and aims to amend its
approach accordingly.

 

Furthermore, NESF intends to align its nature-related reporting with the
Taskforce on Nature-related Financial Disclosures ("TNFD") in its next
Sustainability and ESG Report for the year ending 31 March 2025.  NESF's
forward-thinking approach to Sustainability and ESG continues to evolve, with
the purpose of supporting a more sustainable world powered by clean energy."

 

 

 

 For further information:

 NextEnergy Capital                          020 3746 0700

 Michael Bonte-Friedheim                     ir@nextenergysolarfund.com
 Ross Grier
 Stephen Rosser
 Peter Hamid (Investor Relations)

                                             020 7653 4000

 RBC Capital Markets
 Matthew Coakes
 Elizabeth Evans

 Kathryn Deegan

 Cavendish                                   020 7397 1909
 James King
 William Talkington

                                             020 7379 5151

 H/Advisors Maitland
 Neil Bennett
 Finlay Donaldson

                                             01481 742642

 Ocorian Administration (Guernsey) Limited
 Kevin Smith

 

 

Notes to Editors(1):

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage
investment company that is listed on the premium segment of the London Stock
Exchange.

 

NextEnergy Solar Fund'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 utility-scale
solar energy and energy storage infrastructure assets.  The majority of
NESF's long-term cash flows are inflation-linked via UK government subsidies.

 

As at 31 March 2024, the Company had an audited gross asset value of
£1,155m.  More information is available at www.nextenergysolarfund.com
(https://www.nextenergysolarfund.com/)

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable
Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar
Fund's sustainability-related disclosures in the financial services sector are
in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG
section of both the NextEnergy Solar Fund and NextEnergy Capital websites.

 

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy
Group.  NextEnergy Group was founded in 2007 to become a leading market
participant in the international solar sector.  Since its inception, it has
been active in the development, construction, and ownership of solar assets
across multiple jurisdictions.  NextEnergy Group operates via its three
business units: NextEnergy Capital (Investment Management), WiseEnergy
(Operating Asset Management), and Starlight (Asset Development).

 

·      NextEnergy Capital: has over 17 years of specialist solar
expertise having invested in over 400 individual solar plants across the
world.  NextEnergy Capital currently manages four institutional funds with a
total capacity in excess of 3GW and has assets under management of $4.3bn.
More information is available at www.nextenergycapital.com
(https://www.nextenergycapital.com/)

·      WiseEnergy®:  is a leading specialist operating asset manager
in the solar sector.  Since its founding, WiseEnergy has provided solar asset
management, monitoring and technical due diligence services to over 1,500
utility-scale solar power plants with an installed capacity in excess of
2.5GW.  More information is available at www.wise-energy.com
(https://www.wise-energy.com/)

·      Starlight: has developed over 100 utility-scale projects
internationally and continues to progress a large pipeline of c.10GW of both
green and brownfield project developments across global geographies.  More
information is available at www.starlight-energy.com
(https://www.starlight-energy.com/)

 

Notes:

(1:) All financial data is audited at 31 March 2024, being the latest date in
respect of which NextEnergy Solar Fund has published financial information

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