NextEnergy Solar Fund Investment Diretor Stephen Rosser joined Steve Darling from Proactive to discuss the company’s strong interim financial and operational results, as well as its strategic outlook through 2026. Rosser highlighted a period of robust performance across the portfolio, underscored by higher-than-expected solar output and disciplined asset management.
During the six months to September, NextEnergy Solar Fund generated a total of 627 gigawatt hours of electricity. This outperformance was supported by solar irradiation levels that were approximately 13% ahead of forecast, resulting in overall generation exceeding expectations by 7.6%. “We generated 627 gigawatt hours in the period. Solar irradiation was about 13% ahead of forecast, which put our generation ahead by 7.6%,” Rosser said.
The strong operational delivery contributed an additional £2.5 million in cash during the period. Rosser attributed this to both favourable weather conditions and the company’s disciplined approach to asset management, including the proactive replacement of aging infrastructure such as inverters to maintain high levels of availability and efficiency across the portfolio.
The interview also addressed recent governance developments, including the appointment of Tony Quinlan as chair following an independent board selection process. Rosser emphasized Quinlan’s deep experience in the UK electricity market and renewable energy sector, describing his leadership as a valuable addition as the fund continues to execute its long-term growth and capital strategy.
Rosser confirmed that NextEnergy Solar Fund has formally responded to the UK government’s ROC/FiT consultation, urging that no changes be made to legacy renewable support schemes. He noted that any retrospective adjustments could undermine investor confidence and potentially increase costs for consumers across the energy system.
Looking ahead, Rosser discussed the company’s ongoing strategic review and its continued focus on maintaining a disciplined capital structure and active capital recycling, now entering its fourth phase. He also pointed to the fund’s strong income track record, with a total of £419.0 million in dividends declared or paid to shareholders since the fund’s IPO. Together, these factors position NextEnergy Solar Fund to continue delivering stable returns while navigating a changing energy and regulatory landscape.
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