NextEnergy Solar Fund updates board committee roles

Published 22/05/2025, 09:06
NextEnergy Solar Fund updates board committee roles

LONDON - NextEnergy Solar Fund Limited (NESF), a prominent investor in solar energy and energy storage, has announced immediate changes to its board of directors’ structure and committee responsibilities. These adjustments comply with the Listing Rule UKLR 6.4.6.

The company has appointed Ms. Josephine Bush as the Senior Independent (LON:IOG) Director. In a move to streamline its operations, NESF has also merged its Remuneration Committee and Nomination Committee into a single entity, now known as the Remuneration & Nomination Committee, which will be chaired by Ms. Caroline Chan.

The updated composition of the Board’s Committees is as follows: The Audit Committee is chaired by Joanne Peacegood, with Caroline Chan and Josephine Bush as members. The Environmental, Social & Governance Committee is led by Josephine Bush, with Paul Le Page, Joanne Peacegood, and Caroline Chan as members. Caroline Chan will also chair the Management Engagement Committee, with Paul Le Page, Joanne Peacegood, and Josephine Bush as members. The Remuneration & Nomination Committee includes Caroline Chan as chair, with Paul Le Page, Joanne Peacegood, and Josephine Bush as members. Lastly, the Market Disclosure Committee is headed by Paul Le Page, with Joanne Peacegood, Caroline Chan, and Josephine Bush as members.

NextEnergy Solar Fund, listed on the Main Market of the London Stock Exchange (LON:LSEG), aims to provide shareholders with attractive risk-adjusted returns, primarily through regular dividends from its diversified portfolio in solar energy and energy storage infrastructure assets. The majority of NESF’s long-term cash flows are inflation-linked via UK government subsidies.

As of March 31, 2025, the unaudited gross asset value of the Company stood at £1,061 million. NESF is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation, with sustainability-related disclosures available on its website.

This announcement is based on a press release statement from NextEnergy Solar Fund.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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