A note from
Ross Grier

“NESF has been a key contributor to the UK’s progress towards its Net Zero targets to date and is poised to continue to be in the future. 93 of the portfolio’s 103 operating assets are located across the UK and have been impactful in increasing domestic renewable energy generation and helping strengthen the UK’s energy security and independence.”

“NESF paid a robust dividend in the face of continued macroeconomic pressures and volatility across the UK equity markets. The Company’s ordinary share price continues to trade at a material discount to its Net Asset Value per share. With oversight from the Board, the team has taken action to narrow this discount through strategic activities, such as the sale of some carefully selected assets, and the approval of a share buyback programme of up to £20m.”

“NextEnergy Capital continues to explore future value-accretive investment opportunities for NESF as it looks at the long-term evolution of the portfolio to provide value, stability, and growth for its shareholders.”

“Having been part of the NESF journey since day one, I am extremely proud of its achievements since its listing on the London Stock Exchange ten years ago, and we will continue to deliver outstanding dividend returns to shareholders through the Company’s high-quality portfolio of assets, whilst leading the clean energy transition.”