NextEnergy Solar Fund appointed Sharon Parr to the Board as Non-Executive Director

– UK, London – NextEnergy Solar Fund Limited (LSE:NESF) announced the appointment of Sharon Parr to the Board as a non-executive Director with effect from 1 January 2018.

Recognising the significant growth of the Company since launch, the Board understood the importance of expanding the Board to help support the future growth of the Company and to further enhance and complement the Board is terms of skills, experience, and knowledge.

Sharon is a Guernsey resident who brings a wealth of experience gained from working in multi jurisdictional Finance Sectors, which include UK, USA, BVI and Guernsey. In her previous role as global head of Barclays trust and fund administration businesses, she had responsibility for staff operating in 10 different countries. Sharon stepped down from her various executive roles in 2011. She has maintained her directorships of the Bridgemere group of companies and remains a Fellow of the Institute of Chartered Accountants in England and Wales and Society of Estate and Trust Practitioners.

Kevin Lyon, Chairman of NESF, commented: “I am pleased to welcome Sharon to the Board of NextEnergy Solar Fund Limited. Sharon brings a wealth of experience to the Board from her previous roles in a number of organisations and sectors which we believe will help support the Company in its objectives. The Board is looking forward to working with Sharon as we look to further continue the Company’s success.”

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company’s 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 £591.9m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of £226m in place (£150m from a syndicate including MIDIS, NAB and CBA; MIDIS: £54.3m and NIBC: £21.7m).

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 and over the course of its activities has been providing operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

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