Publication of Sustainability & ESG Report

LEI: 213800ZPHCBDDSQH5447

16 June 2025

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Publication of Standalone Sustainability & ESG Report

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce it has published its fourth standalone annual Sustainability & ESG Report for the year ended 31 March 2025 (the "Report").

The Report is available to download from the Reports & Publications section of the Company's website here: https://www.nextenergysolarfund.com/reports-and-publications/.

The Report makes all relevant disclosures in alignment with the General ("S1") and Climate ("S2") standards of the International Sustainability Standards Board ("ISSB"), as well as the recommendations of the Taskforce on Nature-related Financial Disclosures ("TNFD").  NESF is an early adopter of the TNFD and is making TNFD-aligned disclosures for the first reporting year in which it is possible.

NESF continues to focus on three principal sustainability topics: climate, nature, and social-related issues, with supply chain considerations incorporated as part of these.  The Report informs all relevant stakeholders of NESF's approach to sustainability, how it executes its strategy, and how it creates impact. 

Josephine Bush, Chair of the NESF Board ESG Committee, said:

"As the global energy transition advances amid political and economic challenges, NESF remains committed to leading in sustainability.  The Company is proud to publish its fourth Sustainability and ESG Report, its first to align with the Standards of the International Sustainability Standards Board and the Recommendations of the Taskforce on Nature-related Financial Disclosures.

NESF's early and voluntary adoption of the TNFD highlights its commitment to enhancing transparency of the connections between climate, nature, and financial performance.  This forward-looking approach supports the most informed decision-making possible, and reflects NESF's objective of delivering risk-adjusted returns while integrating nature-related considerations into long-term value creation.  The Report builds on the Company's publication in November 2024 of its Approach to Nature, which sets out NESF's framework for managing and enhancing its relationship with the natural environment.

NESF continues to lead the transition to clean energy, and through its Investment Adviser the Company also supports the Solar Stewardship Initiative and industry action to drive responsible sourcing across the solar supply chain.  Advancing sustainability initiatives will remain a priority for NESF and reinforce the Company's position as a market leader."

Notes to Editors ¹:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the Main Market of the London Stock Exchange.

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.

As at 31 March 2025, the Company had an audited gross asset value of £1,061m.  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 websites.

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 which now employs over 380 professionals.  Since its inception, NextEnergy Group 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 18 years of specialist solar expertise having invested in over 530 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW+ and has funds under management of c.$4.4bn.  More information is available at www.nextenergycapital.com   

·    WiseEnergy®:  is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring and technical due diligence services to over 1,600 utility-scale solar power plants with an installed capacity in excess of 3.5GW.  More information is available at 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.  More information is available at www.starlight-energy.com

Notes:

^1: All financial data is audited at 31 March 2025, being the latest date in respect of which NextEnergy Solar Fund has published financial information.