LEI: 213800ZPHCBDDSQH5447

2 October 2023

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 Paul Le Page joins the Board of Directors

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to welcome Mr Paul Le Page to its Board of Directors as a Non-Executive Director.  Mr Le Page will join the Board of NextEnergy Solar Fund on 3 October 2023, succeeding Mr Vic Holmes as Senior Independent Director of the Company from 1 January 2024 after Mr Holmes retires from the Board on 31 December 2023.

Mr 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.

Helen Mahy, Chair of NextEnergy Solar Fund Limited, commented:

"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."

Pursuant to Listing Rule 9.6.13 the following disclosure is made:

Mr Paul Le Page is a Non-Executive Director and Chairman of the Audit Committee of RTW Biotech Opportunities Fund Limited.  Mr Paul Le Page is also a Non-Executive Director of Highbridge Tactical Credit Fund Limited and TwentyFour Income Fund Limited. There are no further disclosures required pursuant to LRs 9.6.13 and 9.6.11.

Notes to Editors¹:

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 a 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 at 30 June 2023, the Company had an unaudited gross asset value of £1,190m.  For further information please visit www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital website.

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

·      NextEnergy Capital: Has over 16 years specialist solar expertise having invested in over 375 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 2.4GW+ and has asset under management of $3.9bn.  www.nextenergycapital.com  

·      WiseEnergy®:  Provides solar asset management, monitoring and technical due diligence services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.6GW.  WiseEnergy clients comprise leading banks and equity financiers in the energy and infrastructure sector.  www.wise-energy.com

·    Starlight: Has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.

Notes:

^1: All financial data is unaudited at 30 June 2023, being the latest date in respect of which NextEnergy Solar Fund has published financial information