NESF’s interim NAV has grown by 8.3% despite being calculated to take account of the potential impact of the windfall tax on UK renewables. This reflects stronger pricing, and it is important to remember that the fund still benefits from this even though some of the upside is now taken by the tax. Strong operational outperformance also contributed, and the fund continues to make progress on asset growth both in solar and in battery storage.
21 Nov 2022
NextEnergy Solar Fund - Strong NAV Growth Despite New Tax
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NextEnergy Solar Fund - Strong NAV Growth Despite New Tax
NextEnergy Solar Fund Ltd (NESF:LON) | 74.2 1 1.8% | Mkt Cap: 438.1m
- Published:
21 Nov 2022 -
Author:
Adam Forsyth -
Pages:
3
NESF’s interim NAV has grown by 8.3% despite being calculated to take account of the potential impact of the windfall tax on UK renewables. This reflects stronger pricing, and it is important to remember that the fund still benefits from this even though some of the upside is now taken by the tax. Strong operational outperformance also contributed, and the fund continues to make progress on asset growth both in solar and in battery storage.