NextEnergy Solar Fund welcomes Paul Le Page to its Board as Independent Director and next Senior Independent Director

– UK, London –  NextEnergy Solar Fund (LON: NESF), a leading specialist investor in solar energy and energy storage, today announced the appointment of Paul Le Page to its Board as an Independent Non-Executive Director, effective on 3 October 2023, succeeding Vic Holmes as Senior Independent Director from 1 January 2024 after Mr Holmes retires from the Board.

“The Board is delighted that Paul has agreed to join as a Non-Executive Director, bringing extensive and relevant sector experience from both an investment company and solar perspective. We are confident that Paul will add significant value and we are looking forward to working with him.” said Board Chair, Helen Mahy.

About Paul Le Page

Paul Le Page currently serves as a Non-Executive Director of RTW Biotech Opportunities Fund Limited, TwentyFour Income Fund Limited, and Highbridge Tactical Credit Fund Limited. Mr Le Page recently retired from Bluefield Solar Income Fund Limited having served 10 years as a Director and Chair of their Audit and Risk Committee.

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 865MW (excluding NextPower III MW on an equivalent look-through basis) generating enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year. The Fund 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 June 2023, the Company had an unaudited gross asset value of £1,190m.


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