# NextEnergy Solar Fund awarded LSE’s Green Economy Accreditation

- Link: https://www.directorstalkinterviews.com/nextenergy-solar-fund-awarded-lses-green-economy-accreditation/412801249
- Published: 2019-12-18T07:28:15+00:00
- Author: Giles Arbor

**NextEnergy Solar Fund** (LON: NESF) has announced that it has been awarded the
London Stock Exchange’s new Green Economy Mark, which recognises companies and investment
funds that derive over 50% of their annual revenues from products and services that
contribute to the Green Economy.

The London Stock Exchange launched the Green Economy accreditation on 11 October
2019 to support equity issuers implementing sustainable business models and investors
who are increasingly focused on environmental products and services supporting the
transition to a low carbon economy.

NESF is a specialist investment company that invests primarily in operating solar
power plants in the UK. It is able to invest up to 15% of its Gross Asset Value 
in operating solar power plants in OECD countries outside the UK. The Company’s 
objective is to secure attractive shareholder returns through RPI-linked dividends
and long-term capital growth. The Company achieves this by acquiring solar power
plants on agricultural, industrial and commercial sites.

As at 30 September 2019, NESF raised equity proceeds of £792m (including £200m of
preference shares) since its initial public offering on the main market of the London
Stock Exchange in April 2014. The Company’s subsidiaries had financial debt outstanding
of £211m, on a look-through basis including project level debt. Of the financial
debt, £197m was long-term fully amortising debt, and £14m was drawn under a short-
term credit facility.

NextEnergy Solar Fund 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 and over the course of its activities has provided
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 1.9 GW.

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