NextEnergy Solar Fund

LEI: 213800ZPHCBDDSQH5447

21 November 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Director Roles and Responsibilities

The Board of NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce the following changes to its Director Roles and Responsibilities.

In accordance with Listing Rule 9.6.11, Mr Paul Le Page, a Non-Executive Director of the Company, has been appointed as a member of the Audit Committee, the Management Engagement Committee, the Environmental, Social and Governance Committee, the Remuneration and Nomination Committee and the Market Disclosure Committee, with effect from 21 November 2023.

Ends

Notes to Editors¹:

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 and is a FTSE 250 constituent.

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.

The NextEnergy Solar Fund portfolio has a combined installed power capacity of 865MW (excluding NextPower III MW on an equivalent look-through basis) generating enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year.  The Fund may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private infrastructure funds, and 10% in energy storage assets.  As at 30 June 2023, the Company had an unaudited gross asset value of £1,190m.  For further information please visit 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 website.

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 16 years specialist solar expertise having invested in over 375 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 2.4GW+ and has asset under management of $3.9bn.  www.nextenergycapital.com  

·      WiseEnergy®:  Provides solar asset management, monitoring and technical due diligence services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.6GW.  WiseEnergy clients comprise leading banks and equity financiers in the energy and infrastructure sector.  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.

Notes:

^1: All financial data is unaudited at 30 June 2023, being the latest date in respect of which NextEnergy Solar Fund has published financial information