NextEnergy Solar trust embarking on 'next phase of growth' as it hints at more fundraising

Believes significantly differentiated from new Atrato solar trust

The £774m NextEnergy Solar trust spent the last year “building momentum” and is looking to grow over the next years, the management team have said.

The trust, which announced its interim results today (19 November), has seen a 4.2p increase in the net asset value per ordinary share and is trading at a small premium of 1.1%. Ross Grier, managing director, said the trust has about £300m in pipeline investments, with around £86m available through its revolving credit facility, which it has not yet called. That extensive pipeline is somewhat built around changes to the investment mandate, which were approved by shareholders in September 2020. These changes included allowing 10% of the gross asset value being invested in standalone en...