NextEnergy Solar Fund Limited Comment on Proposed Changes to UK Regulation (9905T)
24 Julho 2015 - 3:40AM
UK Regulatory
TIDMNESF
RNS Number : 9905T
NextEnergy Solar Fund Limited
24 July 2015
24 July 2015
NextEnergy Solar Fund Limited ("NESF", or the "Company")
Proposed Changes to Regulation of Solar Assets in the United
Kingdom Announced
The Department of Energy and Climate Change ("DECC") has
announced consultations on proposed changes to the Renewable
Obligations ("RO") and Feed-in-Tariff ("FIT")support schemes for
sub-5MW solar assets (the "Consultations")
The proposals under the Consultations would have no impact on
the 18 projects totaling 234.5MW already acquired by NESF or on its
target dividend policy.
NESF's pipeline of growth opportunities includes a significant
number of projects that would not be impacted by the proposed
changes, or that would qualify for a Grace Period under the
Consultations. In addition, NESF believes that there remains a
material pipeline of opportunities for growth up to 2020.
The NextEnergy Capital Group, the parent of NESF's Investment
Advisor NextEnergy Capital IM Limited, continues to leverage its
long-standing experience as an investor and leading asset manager
in the solar sector to focus on reducing solar investment and
operating costs to meet a decreasing-subsidy and no-subsidy market
in the future.
For further information:
NextEnergy Capital Limited 020 3239 9054
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Sue Inglis
Shore Capital 020 7408 4090
Bidhi Bhoma
Anita Ghanekar
Macquarie Capital (Europe)
Limited 020 3037 2000
Ken Fleming
Nick Stamp
MHP Communications 020 3128 8100
Andrew Leach / Jamie
Ricketts / Eleanor Mahmoud
Notes to Editors:
NextEnergy Solar Fund (NESF)
NESF is a specialist investment company that invests in
operating solar power plants in the UK. Its 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.
NESF has raised equity proceeds of GBP246.6m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. Its credit facilities include a two-year revolving
facility of GBP31.5m from Macquarie and a GBP22.7 million facility
from NIBC.
NESF 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, providing solar asset management, monitoring and other
services to over 1,200 utility-scale solar power plants with an
installed capacity in excess of 1.5 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at www.nextenergysolarfund.com, www.nextenergycapital.com
and www.wise-energy.eu.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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