NextEnergy Solar Fund Limited Update research from QuotedData - replacement
09 Fevereiro 2022 - 2:27PM
RNS Non-Regulatory
TIDMNESF
NextEnergy Solar Fund Limited
09 February 2022
Updated link has been made to the Update research from
QuotedData announcement released on 9(th) February 2022 at 14:45
under RNS No 2015B.
All other details remain unchanged.
The full amended text is shown below.
NextEnergy Solar Fund - Update research from QuotedData
9(th) February 2022
Climbing inflation and power prices driving NAV uplift
NextEnergy Solar Fund (NESF) is a leading investor in the UK
solar power market. In addition, since investors approved a
broadening of its investment policy in 2020, it has added exposure
to battery storage and to solar assets in other OECD countries,
leveraging the global expertise of its manager which is active
across eight countries.
At end September 2021, NESF had 99 operational solar assets. The
revenue from these comes from sales of power and government
subsidies designed to encourage the growth of the renewable energy
industry. The subsidy income - around 60% of the total - is
inflation-linked (to RPI).
Rising power prices and higher inflation drove an uplift in
NESF's net asset value (NAV) at end September and it might be
reasonable to assume that there is more to come on that front.
Currently, we think that a 7.0% dividend yield, covered by cash
generated from the portfolio, represents an attractive entry
point.
Full research:
https://quoteddata.com/research/nextenergy-solar-fund-climbing-inflation-power-prices-driving-nav-uplift-qd/
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