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About NextEnergy Solar Fund
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.
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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 other non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage. NESF is committed to ESG principles and responsible investment and makes a meaningful contribution to reducing CO
2 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.
31 December 2020 | 08:02am
StockMarketWire.com - US Solar Fund said it had entered binding agreements to acquire an up to a 50% stake in a solar plant in Southern California, Mount Signal 2, for a price between $44 million and $46 million from New Energy Solar Fund.
The transaction of the 200MWDC operating solar plant would be structured in two tranches.
Tranche one comprises an immediate acquisition of an initial 25% interest for a fixed price of $23m and was expected to be completed during the first quarter of 2021.
Tranche two consisted of an option for the company to acquire a further 25% interest for $22 million, subject to a performance-based adjustment mechanism, which could adjust the price upwards or downwards by up to $1 million, the company said.