Overview
NextEnergy Solar Fund seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend. NextEnergy Solar Fund’s portfolio is focused on operational solar photovoltaic (“PV”) assets located in the UK.
You can access the fund’s website here
Fundamentals
Price
Research History
-
06 Nov 2020 1 min read
Interview with Michael Bonte-Friedheim of NextEnergy Solar
In this week’s show, James Carthew talked to Michael Bonte-Friedheim of NextEnergy Solar Watch it again here If you were looking for James Carthew’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please email us – research@quoteddata.com. […]
-
06 Dec 2019 7 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
-
05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
-
18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
-
19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
-
14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
-
18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
-
11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
-
2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
-
10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
-
11 Dec 2017 2 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
-
19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
-
14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
-
06 Sep 2017 1 min read
John Laing Environmental Assets Group – Diverse renewables exposure
John Laing Environmental Assets Group – Diverse renewables exposure Since its launch in March 2014, John Laing Environmental Assets Group (JLEN) has built up a diverse portfolio of wind, solar, anaerobic digestion, waste and wastewater projects. It uses most of the revenue from these to pay its dividends (currently a yield of 5.9%) and the balance goes […]
-
12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
-
3 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
-
14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
-
31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
-
07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
-
13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
-
01 Mar 2021 1 min read
NextEnergy Solar acquires two UK-based solar projects totalling 100MWp for £64m
NextEnergy Solar (NESF) announced the acquisition of the UK based Camden solar photovoltaic portfolio comprising two projects totalling 100MWp for a total consideration of c.£64.3m. The portfolio has a 15-year power purchase agreement (PPA) in place covering c.75% of the electricity to be generated over the life of the PPA. The PPA counterparty is AB InBev, the world’s largest […]
-
22 Feb 2021 2 min read
Operational update from NextEnergy Solar
NextEnergy Solar (NESF) announced an operational update and its unaudited NAV, as at 31 December 2020. NAV increased to 100.7p per ordinary share, compared to 99.6p, as at 30 September 2020. Operational highlights from the period include: “763 MWp total capacity installed to date (30 September 2020: 755 MWp), across 91 operating solar assets with 8.5 MWp […]
-
28 Oct 2020 2 min read
NextEnergy Solar says first half generation was 11.1% above budget
In an update statement this morning, NextEnergy Solar (NESF) announced that generation over the first half of its financial year, to 30 September, was 11.1% above budget. Solar irradiation exceeded expectations by 10.8%. NESF reaffirmed its full-year dividend target of 7.05p for the financial year ending 31 March 2021. High Garrett 8.5MWp subsidy-free solar asset energised […]
-
30 Jun 2020 2 min read
NextEnergy hit by falling power price
NextEnergy hit by falling power price – NextEnergy Solar Fund says that, over the year ended 31 March 2020, its NAV fell from 110.9p to 99.0p. This translated into an NAV total return of -4.6%, which, when combined witha fall in the premium, left shareholders with a return of -7.8%. NextEnergy met its dividend target of […]
-
08 Apr 2020 4 min read
Year-end update from NextEnergy Solar with no significant impact from covid-19 to-date
NextEnergy Solar (NESF) has released an operational update with respect to its performance over the financial year-end period to 31 March 2020. For the current financial year ending 31 March 2021, NESF says that around 61% of revenues in the UK will be derived from regulated revenues (renewable obligation certificates and others), and approximately 39% […]
-
20 Feb 2020 2 min read
NextEnergy cuts NAV on power prices
NextEnergy cuts NAV on power prices – NextEnergy Solar has published its end December NAV and it is 4.6% lower than the value at the end of September. The NAV has fallen from 111.2p to 106.1p and the biggest contributor to this is lower power price assumptions – accounting for -3.9p. This follows a pattern […]
-
29 Jan 2020 2 min read
Renewable energy funds under attack from brokers
Renewable energy funds under attack from brokers – Shares in many renewable energy funds slumped yesterday as first Chris Brown of JPMorgan and then Matthew Hose of Jefferies said they were overvalued. Their analysis (which we can’t show you and you can’t get hold of unless you work for a large investment firm and pay […]
-
18 Dec 2019 1 min read
QuotedData’s other news 18 December 2019
In QuotedData’s other news 18 December 2019 Sun Life Financial has bought a majority stake in Infrared Capital Partners, the investment adviser to HICL Infrastructure and The Renewables Infrastructure Group. This won’t have any impact on the day-to-day running of the funds. Infrastructure India has maxed out its $105m borrowing facility, borrowing another $30m to develop […]
-
16 Dec 2019 2 min read
NextEnergy Solar announces second subsidy-free plant energisation of the year
NextEnergy Solar announces second subsidy-free plant energisation of the year – NextEnergy Solar (NESF) has announced the energisation of Staughton, which it describes as the UK’s largest subsidy-free solar plant with an installed capacity of 50MWp. The Staughton solar plant will cover the yearly electricity demand of approximately 15,000 UK households. It is largely located on a […]
-
14 Nov 2019 1 min read
QuotedData’s other news 14 November 2019
In QuotedData’s other news 14 November 2019 At the half-year stage (30 September in its case), Next Energy Solar’s NAV crept up to 111.2p from 110.9p, supporting a 6.7% return to shareholders. Dividends for the first half totalled 3.44p, up from 3.325p. Electricity generation was 5% above budget, powering the equivalent of 134,000 homes for the […]
-
12 Aug 2019 3 min read
NextEnergy issues more preference shares
NextEnergy issues more preference shares – NextEnergy Solar Fund has entered into an agreement with an investment vehicle owned by Universities Superannuation Scheme, whereby 100,000,000 preference shares will be issued, raising gross proceeds of GBP100m. The net proceeds will be used to repay the existing GBP90m short-term debt facilities and invest in NextEnergy’s pipeline of opportunities. The rights […]
-
1 min read
QuotedData’s other news 12 August 2019
In QuotedData’s other news 12 August 2019 Unite Group, one of the UK’s leading owners, managers and developers of student accommodation, announces that it has exchanged contracts to acquire a new 620-bed development site in Nottingham.The direct let development, which is subject to planning consent, will open in time for the 2022/23 academic year. Total development costs […]
-
08 Aug 2019 2 min read
NextEnergy Solar invests in Northern Ireland
NextEnergy Solar invests in Northern Ireland – as part of a wider updates on its operations, Next Energy Solar Fund has announced the acquisition of an 8MWp solar farm in Northern Ireland for £8.5m. Ballygarvey is an 8MWp solar plant located in Northern Ireland, connected to the grid in March 2018. The plant receives subsidies […]
-
18 Jun 2019 2 min read
NextEnergy Solar generation 9% above budget
After the downpours of the last few weeks it might be easy to forget how sunny it was last year – NextEnergy Solar generation 9% above budget – NextEnergy Solar results for the year ended 31 March 2019 show: A net asset value per ordinary share of 110.9p (2018: 105.1p); Ordinary shareholder total return 11.8% (2018:6.2%); […]
-
11 Feb 2019 2 min read
NextEnergy Solar Fund partners with Zestec for commercial rooftop solar programme
NextEnergy Solar Fund (NESF) has announced that it has entered into a partnership with Zestec Asset Management Limited (Zestec) for the future acquisition of operating solar plants to be installed on commercial properties. The two companies have signed a framework agreement, under which NESF and Zestec are targeting, for 2019, up to £20m in investment […]
-
23 Oct 2018 1 min read
NextEnergy Solar Fund says no fee on preference share cash
NextEnergy Solar Fund says no fee on preference share cash – NextEnergy Solar Fund is in the process of issuing preference shares – a story we reported on 16 October. NextEnergy Capital IM Limited has now agreed to waive a proportion of the investment management fee due to it, so that no investment management fee is payable by […]
-
16 Oct 2018 3 min read
NextEnergy Solar issues preference shares
NextEnergy Solar issues preference shares – NextEnergy Solar fund (NESF) has announced that it has entered into a conditional subscription agreement with AIP Solco Limited, who have agreed to subscribe to new non-voting Preference Shares of NextEnergy Solar. AIP Solco Limited AIP Solco Limited is a wholly owned subsidiary of AIP Infrastructure LP, an investment vehicle backed by three BAE Systems […]
-
07 Aug 2018 1 min read
NextEnergy Solar adds 282 rooftop solar assets to its portfolio
NextEnergy Solar adds 282 rooftop solar assets to its portfolio – NextEnergy Solar Fund (NESF) has added a further 1.15MW of capacity through the acquisition of two portfolios of roof top solar assets in the UK. This is the company’s second rooftop portfolio acquisition. The company has signed a share purchase agreement to acquire the two portfolios for a total investment […]
-
10 Jul 2018 2 min read
NextEnergy Solar adds 10 solar plants to its portfolio
NextEnergy Solar adds 10 solar plants to its portfolio – and adds a new revolving credit facility of £40.0 million with Santander. As part of its ongoing growth programme, NextEnergy Solar Fund (NESF) has acquired ten operating solar plants with a total installed capacity of 66.8 MWp in the West Country. The aquisition was done by way of a share […]
-
18 Dec 2017 2 min read
NextEnergy buys two more plants
NextEnergy buys two more plants – NextEnergy Solar has announced the signing and completion of two share purchase agreements for the acquisition of two operating solar plants with a total installed capacity of 8.6MWp. The plants were acquired from different counterparties and comprise Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham). Gilley’s Dam was […]
-
01 Nov 2017 3 min read
NextEnergy Solar piles into Italy
NextEnergy Solar piles into Italy – Next Energy Solar Fund has made its first investments in Italy; eight operating solar plants with an installed capacity of 34.5MWp at a total cost of €131.9m. Five of the acquired plants are in the region of Puglia (total 21.5MWp) and three are in the region of Campania (total […]
-
04 Sep 2017 1 min read
Five alternative investments for 5% plus yields
Investors’ insatiable appetite for income has pushed many innovative income funds to lofty premiums, but a host of opportunities remain. Jennifer Hill outlines five routes to pocket in flation-beating income. Investors are on the hunt for alternative sources of income, given the high valuations of many equity markets and poor value in bonds. ‘We’ve been looking […]
-
29 Aug 2017 1 min read
NextEnergy adds two plants
NextEnergy adds two plants – NextEnergy Solar Fund Limited has announced the acquisition of two operating solar plants totalling 21.7MWp with an investment value of GBP26.4m Since IPO in 2014, NextEnergy Solar has now secured a portfolio of 50 solar PV assets with a total capacity of 505MWp and a total investment value of GBP581m. NextEnergy […]
-
28 Jun 2017 4 min read
NextEnergy Solar generates 394GWh
NextEnergy Solar Fund has announced results for the year ending 31 March 2017. Highlights Investment portfolio of 48 solar PV plants for a total of c.483MW installed capacity in operation. NextEnergy Solar Fund is the largest listed solar energy fund on the London Stock Exchange in terms of both installed solar capacity and market capitalisation. Significant […]
-
21 Jun 2017 2 min read
NextEnergy Solar oversubscribed placing raises £126.5m
NextEnergy Solar Fund (NESF) has announced the results of its placing. It says that the level of confirmed demand was significantly in excess of the original targeted fundraising of £100m and that due to the substantial oversubscription, the Board, after consulting the Investment Manager, has elected to exercise its right to increase the size of […]
-
12 Jun 2017 2 min read
NextEnergy adds another 76.4MWp
NextEnergy adds another 76.4MWp – 16.6MWp split among four operating plants and 59.8MWp in development projects. The three operating solar plants, acquired from one seller, comprise Barnby (4.99MWp, Nottinghamshire), Bilsthorpe (4.99MWp, Nottinghamshire) and Wickfield (4.90MWp, Wiltshire). All three plants were connected to the grid during March 2017 and are expected to be accredited under the 1.2 […]
-
21 Apr 2017 1 min read
NextEnergy Solar Fund acquires six plants, totalling 28MWp, for £30.5m
NextEnergy Solar Fund (NESF) has announced that it has signed six share purchase agreements to acquire the special purpose vehicles owning six plants, totalling 28MWp, with an investment value of £30.5m. Completion expected during the first half of 2017. The plants are Rampisham, Aller Court, Hill, Forest Farm, Wasing and Flixborough solar plants and are […]
-
07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
-
31 Jan 2017 2 min read
NextEnergy Solar secures new debt funding
NextEnergy Solar is pleased to announce the signing of a GBP150 million debt facility with a syndicate of lenders including Macquarie Infrastructure Debt Investment Solutions, National Australia Bank and Commonwealth Bank of Australia. The Facility provides long-term debt financing, with a maturity in 2035 that matches the regulated life of the portfolio, and comprises a mix […]
-
04 Jan 2017 1 min read
NextEnergy Solar Fund acquires four plants, totalling 20MWp, for £21m
NextEnergy Solar Fund (NESF) has announced that it has signed and exchanged two separate share purchase agreements to purchase four plants for a total of £21m. The first agreement covers a portfolio of three solar plants (Bowden, Stalbridge and Long Ash Lane) of 5MWp each. The second agreement covers the 5MWp Mill Farm solar plant. […]
-
30 Nov 2016 2 min read
NextEnergy Solar NAV climbs as power prices rise
NextEnergy Solar Fund reports that its NAV per share increased from 98.5p on 31 March 2016 to 102.0p as at 30 September 2016. The NAV return was 8.3%. Reported profit for the period ended 30 September 2016 was GBP25.3m and earnings per share were 8.46p. During the period the share price increased from 97.75p to 106.13p […]
-
22 Nov 2016 1 min read
NextEnergy Solar announces acquisition of Kentishes Solar Plant in Braintree, Essex
NextEnergy Solar Fund has announced that has signed an agreement to acquire the Kentishes solar plant, which is located at Stisted, Braintree, Essex. The company says that the 5 MWp plant is nearing the end of construction and is set to be accredited under 1.2 Renewable Obligation Certificate regime qualifying for the significant investment grace […]
-
14 Nov 2016 2 min read
NextEnergy Solar plans £104m share issue
NextEnergy Solar hopes to double in size and, as a first step, it is planning a £104m share issue. At 30 September 2016, NextEnergy Solar had net assets of £350.1m (up from £283.1m at 30 June 2016) and the NAV per share had increased from 98.7p to 100.4p over that period. They expect to publish […]
-
22 Jul 2016 1 min read
NextEnergy Solar Fund’s first tap issue raises £42.2m
NextEnergy Solar Fund has announced that its first Tap Issue has raised gross proceeds of £42.16m. The Company says that it has received applications from existing and new investors pursuant to the Issue for 41,991,242 New Shares at 100.4p per share and that, accordingly, it will sell all of the 30,850,000 ordinary shares currently held […]
-
15 Jul 2016 1 min read
NextEnergy Solar Fund announces tap issue programme
NextEnergy Solar Fund has announced a proposed tap issuance programme to issue up to 54,885,000 New Shares, which the company says is equivalent to 19.7% of NESF’s existing voting share capital, to respond to market demand. The company says that, in response to interest from existing and new investors, its first Tap Issue, which is […]
-
28 Jun 2016 2 min read
NextEnergy Solar returns held back by power prices
NextEnergy Solar reports that, at 31 March 2016, the company’s NAV was GBP273.8m, equivalent to 98.5p per share (March 2015: NAV of GBP248.4m, 103.3p per share) mainly affected by reductions in power price forecasts and removal of LECs (which had a combined negative impact on NAV of 14.6p per share). As experienced during the previous reporting […]
-
27 Apr 2016 2 min read
NextEnergy Solar Fund is moving to quarterly dividend payments
NextEnergy Solar Fund has provided an update for the year ended 31 March 2016, through which it has announced that it is moving to paying quarterly dividends. Going forward, the Company will now pay dividends to shareholders on a quarterly basis, starting from the first quarter of the Company’s current financial year (the year ending […]
-
05 Apr 2016 1 min read
NextEnergy Solar buys five plants
NextEnergy Solar has announced the acquisition of a portfolio of five operating plants totalling 84.2MWp for £97.9m. Completion is expected by mid April. The portfolio comprises Great Wilbraham (38.1MWp), Branston (18.9MWp), Bottom Plain (10.1MWp), Emberton (9.0MWp) and Berwick (8.2MWp). All these plants are connected and accredited under 1.4 Renewable Obligation Certificate (“ROC”) regime. NESF has put in […]
-
11 Jan 2016 1 min read
NextEnergy Solar acquires three new plants for £61.7m
NextEnergy Solar Fund has announced that it has acquired of a portfolio of three operating plants totalling 53MWp for £61.7m (including transaction costs plus working capital). The Plants were all connected to the grid during the first quarter of 2015 and are operating under the 1.4 ROC regime. Green End (pictured) is located in Cambridgeshire […]
-
26 Nov 2015 1 min read
NextEnergy Solar sees half-year generation 6% ahead of budget
NextEnergy Solar Fund has announced its half year results for the six months to 30 September 2015. During the period, its net assets grew by 16.2% from £248.4m to £289.0m, reflecting a fund raising £38.8m, whilst NAV per share increased by 0.7% from 103.3p on 31 March 2015 to 104.0p. At the end of the […]
-
06 Nov 2015 1 min read
NESF proposes share issue and repurchase whilst extending credit facility to £100m
NextEnergy Solar Fund has announced plans to issue and then immediately repurchase into treasury of 30,850,000 new shares. Over time the shares can then be sold out of treasury, which the company says will give it the flexibility to raise additional capital in an “efficient and cost-effective manner”. The company says the shares will be […]
-
03 Nov 2015 1 min read
NextEnergy Solar adds three new plants with 18.0 MWp of capacity
NextEnergy Solar Fund has announced that it has exchanged agreements to purchase three plants, Ellough Solar 2, Decoy and Hall Farm, with capacity of 18.0MWp and an investment value of £18.1m. The 8.0MWp Ellough Solar 2 will be an extension of the company’s existing Ellough plant (pictured). The plant is expected to be connected ahead […]
-
21 Oct 2015 1 min read
NextEnergy Solar acquires assets in Dorset, Essex and Leicester
NextEnergy Solar Fund has announced the acquisition of three operational assets with a combined investment value of £22.1m. These are the 11.5MWp North Farm solar power plant in Dorset for £14.5m, the 5.0MWp Birch solar power plant in Essex for £5.3m and the 1.8MWp Thurlestone Leicester rooftop solar power plant portfolio in Leicestershire for £2.3m. […]
-
23 Jul 2015 1 min read
Changes to solar subsidies
The Department for Energy and Climate Change (“DECC”) has announced a series of measures aimed at restricting the subsidies it pays to support renewable energy. The measures include: Removing the guaranteed level of subsidy for biomass conversions and co-firing projects for the duration of the Renewable Obligation, known as grandfathering. Launching a consultation on controlling subsidies for […]
-
21 Jul 2015 1 min read
NextEnergy Solar secures finance for Cock Hill and Llwyndu projects
NextEnergy Solar Fund has announced that it has signed a £22.7m debt facility with NIBC Bank. This has been drawn down in full to finance its Cock Hill and Llwyndu projects (the total investment in the projects combined amounts to £32.7m). The facility has a 12-month duration, with a further 12-month extension available. The company […]
-
09 Jul 2015 2 min read
Budget changes to Climate Change Levy hit Renewables
Changes in yesterday’s budget in relation to the Climate Change Levy (removal of Climate Change Levy exemption) for renewable electricity have had a knock-on effect on the net asset values of companies operating in the renewable energy sector as it changes the assumptions used to calculate them. Greencoat UK Wind says it was already factoring […]
-
30 Jun 2015 1 min read
NextEnergy Solar beats budget
NextEnergy Solar results for the year ended 31 March 2015 have been published. The NAV rose from 100p to 103.3p over the period. Energy generation was 23.2GW, 4.8% above budget. Lower energy prices than forecast meant that this translated into revenues 1.9% above budget or earnings of 9.13p per share, from which they are paying dividends […]
-
18 Jun 2015 1 min read
NextEnergy Solar adds two plants
NextEnergy Solar is spending £22m to acquire two additional solar plants. £11.1m will buy a 9.3MWp solar plant at Bowerhouse in Somerset and £10.9m will buy an 8.5MWp plant at Wellingborough in Northamptonshire. Bowerhouse was connected to the grid on 27 March 2015 and is to be accredited under the 1.4 Renewable Obligation Certificate (“ROC”) […]
-
13 Apr 2015 1 min read
NextEnergy Solar adds a further 45MWp
NextEnergy Solar is spending up to £54.7m to acquire two plants with a total generating capacity of 45.4MWp. The deals are a share purchase agreement to acquire the operational 33.7MWp Glebe Farm solar power plant in Bedfordshire for up to £40.5m and a share purchase agreement signed to acquire the operational 11.7MWp Hawkers Farm solar […]
-
27 Mar 2015 1 min read
NextEnergy Solar adds Cambridgeshire plant to portfolio
NextEnergy Solar is paying up to £17.8m to acquire a 16.5 MWp solar plant at Croydon in Cambridgeshire. The plant was connected to the grid on 2 March 2015 and so will qualify for the 1.4 ROC subsidy regime. The plant was constructed under an Engineering, Procurement and Construction contract negotiated by NESF’s investment advisor, […]
-
12 Mar 2015 1 min read
NextEnergy Solar expands Bilsham and adds another plant
NextEnergy Solar is paying £3.2m to expand its existing plant at Bilsham by 2.6MWp and up to a further £22.9m to acquire 21.2MWp Langenhoe solar power plant in Essex which is being constructed under an Engineering, Procurement and Construction contract negotiated by NESF’s investment adviser, NextEnergy Capital Limited. Langenhoe was connected to the grid on 4 March 2015. Langenhoe will […]
-
10 Feb 2015 1 min read
NextEnergy Solar announces NAV and plans fund raise
NextEnergy Solar Fund says its net asset value at the end of January 2015 was 101p (£182.4m), up 0.7% on the level at the end of December 2014. previously announced acquisitions of Bilsham, Gover Farm and Brickyard completed during January 2015. The Company is currently targeting a final dividend of 2.625p per Ordinary Share for […]
-
31 Dec 2014 1 min read
NextEnergy buying Boxted Airfield solar plant
NextEnergy Solar has announced the acquisition of a solar power plant on Boxted Airfield, a site owned by Colchester Council, in the village of Langham about 3 miles from Colchester in Essex. The plant is being built on the former RAF Boxfield site and is due to be completed by March 2015. They expect it will attract […]
-
22 Dec 2014 1 min read
NextEnergy Solar adds a further 28MWp
Next Energy Solar is buying two more plants – the 20.0MWp Cock Hill solar power plant and the 8.0MWp Llwyndu solar power plant. The Cock Hill plant is located in Wiltshire, and is to be accredited under the 1.4 Renewable Obligation Certificate (“ROC”) regime. They say construction of the plant has already begun, with internal roads […]
-
04 Nov 2014 1 min read
NextEnergy results highlight growth potential
NESF : NextEnergy results highlight growth potential NextEnergy Solar has published its first set of results – interims covering the period from 20 December 2013 to 30 September 2014. The net asset value increased from 100p to 103.1p over this period. they bought seven solar farms, with production capacity of 68MW, spending 94% of the money they raised […]
-
29 Oct 2014 1 min read
NextEnergy Solar buys plant in Shropshire
NESF : NextEnergy Solar buys plant in Shropshire NextEnergy Solar is buying a 10.2MW solar plant located at Condover in Shropshire. The purchase price is £11.7m and with this deal NextEnergy Solar has invested all of its IPO proceeds and has dipped into its credit facility to the tune of £6.6m. The Condover plant is […]
-
09 Oct 2014 1 min read
NextEnergy Solar looking to raise over £250m
NESF : NextEnergy Solar looking to raise over £250m NextEnergy Solar Fund has announced that it has identified a pipeline of potential deals worth about £210m and has identified additional deals worth £333m. They have a revolving credit facility worth up to £31.5m and can use this to get the ball rolling but to fund […]
-
14 Jul 2014 1 min read
NextEnergy Solar : NESF – Agreement to acquire 3.8MWp Brickyard solar power plant
NextEnergy Solar Fund, has agreed to acquire a special purpose vehicle with the rights to construct a solar power plant, The Brickyard Power Plant for £3.9m. The 3.8MWp plant is located in the Midlands and was identified in NESF’s Prospectus as a ‘core shortlist’ asset, when it listed on the LSE, in April 2014. The purchase is […]
-
09 May 2014 1 min read
NextEnergy Solar Fund : NESF – acquisition
NextEnergy Solar Fund has spent 9% of its IPO proceeds (£7.98m) on a 6.3MW solar plant at Shacks Barn in Northamptonshire. the plant has been producing energy since march 2013 and qualifies for an older, more generous, government subsidy than a new plant would.
