– UK, London – NextEnergy Solar Fund Limited (LON: NESF), a leading specialist investor in solar energy and energy storage, today announced the appointment of Caroline Chan to its Board as a Non-Executive Director effective from 1 April 2024.
“The Board is delighted that Caroline has agreed to join as a Non-Executive Director. She brings a significant amount of listed investment company experience to the table as we remain focused on putting the Company in an even stronger position to deliver growth and long-term stable returns to shareholders. We look forward to welcoming Caroline and working with her.” said Board Chair, Helen Mahy.About Caroline Chan
Ms Caroline Chan brings a wealth of experience to the Board having practiced as a corporate lawyer for over 30 years across London, Hong Kong, and Guernsey, where she specialized in investment funds, mergers and acquisitions, financing, and financial services regulatory work. Ms Chan previously served as a Non-Executive Director of Round Hill Music Royalty Fund Limited and currently serves as a Non-Executive Director of BH Macro Limited.
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 an 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 933MW, generating enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year. The Company 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 of 30 September 2023, the Company had an unaudited gross asset value of £1,194m.
SOURCE: https://nextenergysolarfund.com
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