NextEnergy Solar Fund Limited Acquisition (7641P)
22 Novembro 2016 - 5:01AM
UK Regulatory
TIDMNESF
RNS Number : 7641P
NextEnergy Solar Fund Limited
22 November 2016
22 November 2016
NextEnergy Solar Fund Limited (the "Company")
Acquisition of a plant with capacity of 5MWp and an investment
value of GBP4.4m
-- Share purchase agreement exchanged to acquire the 5MWp Kentishes solar plant
-- Completion of acquisition expected in the first half of 2017
-- The plant is nearing the end of construction and is set to be
accredited under 1.2 Renewable Obligation Certificate ("ROC")
regime qualifying for the significant investment grace period
-- NESF has now secured 34 assets totalling 419 MWp with a total
investment value of GBP485 million since its IPO in April 2014
NESF is pleased to announce the signing of the share purchase
agreement to acquire the Kentishes solar plant. The plant, located
in Essex, is currently under construction and is expected to be
connected well in advance of the 31 March 2017 deadline for
achieving 1.2 ROC accreditation.
The Company is familiar with the vendor, having acquired six
separate solar power plants from it previously. The completion of
the acquisition will follow accreditation and is expected to take
place within the first half of 2017.
For further information:
NextEnergy Capital Limited 020 3239 9054
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Sue Inglis
Fidante Capital 020 7832 0900
Robert Peel
Justin Zawoda-Martin
Shore Capital 020 7408 4090
Bidhi Bhoma
Anita Ghanekar
Macquarie Capital (Europe)
Limited 020 3037 2000
Nick Stamp
MHP Communications 020 3128 8100
Andrew Leach / Jamie Ricketts / Rebecca Emery
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 approximately GBP465m since
its initial public offering on the main market of the London Stock
Exchange in April 2014. It also has credit facilities of GBP210.0m
in place (Macquarie and Santander: GBP88.5m, of which GBP43.0m is
drawn; MIDIS: GBP44.9m; Bayerische Landesbank: GBP44.9m; and NIBC:
GBP21.7m).
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 1,250 utility-scale solar power plants with an
installed capacity in excess of 1.7 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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