Proactive - Interviews for investors

NextEnergy Solar Fund: 11% dividend yield, share buybacks & future growth plans

Episode Summary

NextEnergy Solar Fund Ltd investment director and UK legal counsel Stephen Rosser talked with Proactive about the fund's latest developments, including highlights from its interim results. Rosser shared that the fund generated £45 million in cash from producing nearly 600-gigawatt hours of clean electricity. He emphasised the fund’s 11% dividend yield and its strong cash coverage, which enhances its appeal as an attractive investment. Rosser discussed the fund's efforts to narrow the discount to net asset value through strategies such as a £20 million share buyback program and a capital recycling initiative. He revealed the completion of phase three, which included selling the 50 MW Staughton asset for £30.3 million—a 21.5% premium to its carrying value. He also outlined a positive outlook for the renewable energy sector, citing government commitments to clean power and a promising pipeline of projects within the fund. "Plenty of reasons to be positive and potential to drive value for shareholders," Rosser remarked. The company remains focused on disciplined capital allocation and delivering cash-covered dividends. Visit Proactive's YouTube channel for more interviews like this. Don't forget to like the video, subscribe, and turn on notifications for updates. #NextEnergySolarFund #RenewableEnergy #SolarPower #InvestmentOpportunity #GreenEnergy #DividendStocks #SustainableInvesting #ShareBuyback #EnergyStorage #ProactiveInterviews #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews