Half Year 2025 NextEnergy Solar Fund Ltd Earnings Call Transcript

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Nov 21, 2024

Nov 21, 2024 / 09:30AM GMT
Operator

Good day. Ladies and gentlemen and welcome to NextEnergy Solar Fund interim results presentation. (Operator Instructions) I would like to remind all participants that this call is being recorded. Questions will follow after the presentation, I will now hand over to Helen Mahy, Chairwoman of NextEnergy Solar Fund to start the presentation.

Helen Mahy - NextEnergy Solar Fund Ltd - Chairwoman

Good morning, everyone. I'm pleased to present the NextEnergy Solar Fund's half year results to September, the 30th which were released earlier this morning. During the period, our priority as a Board has been to reduce the company's share price discount to its net asset value.

We're taking a number of actions to do this including launching a meaningful GBP20 million share buyback during the period. We're also continuing with our capital recycling program to dispose of mature assets and deploy the proceeds into new investments, reduce borrowings, and fund share buybacks.

As part of this, we're pleased to announce today, the third phase of the capital

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