Chairwoman’s Statement, in this section:

NESF provides 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 assets with the addition of complementary technologies such as energy storage.
Installed Capacity since IPO (MW)1
Total Cumulative Generation since IPO (TWh)1
1 Including share in private equity vehicle (NPIII) and co-investments. Inclusion of NESF’s 6.21% share of NPIII on a look through equivalent basis increases total capacity by 40MW (2023: 24MW). Inclusion of NESF’s 24.5% share of Agenor and 13.6% share of Santarem increases total capacity by 41MW (2023: nil MW).
Performance since IPO
Dividends per share (p)1
1 NESF has met all of its declared target dividends in full.
NESF total return vs FTSE all-share index total return2
Compound annual return (%)2
Cumulative performance (%)2
2 To ensure like-for-like comparisons, all the total returns in the charts assume dividends have been reinvested | Source: Morningstar