For our monthly Fund in Focus we have selected the Next Energy Solar Trust, appropriate for a number of reasons, not least that they were in Dublin last week presenting to our clients. We added this fund to our Recommended List a couple of years ago on the basis of their high predictable yield and the exposure they offer to the fast growing solar energy sector.
The funds investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, mainly in the form of regular dividends. They do this through investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets. They believe that solar energy has a pivotal role to play in responding to rapidly increasing energy demands while also addressing the global climate agenda. By generating renewable energy, Next Energy Solar is helping tackle climate change in turn leading the transition to a clean energy supply.
Points to Note:
- Next Energy is classified as an Article 9 (highest possible rating) Fund under the new ESG rating system established by the EU.
- As at 30 June 2022 the Company has completed and announced 100 separate acquisitions of operational solar projects with a total capacity installed of 865MW and total invested capital of approximately £1.06bn
- The fund has recently been added to the FTSE 250
- It currently offers an annual dividend yield of 6.4%
If you would like to discuss this fund or look at other investment opportunities, please contact your Private Client Adviser on 01 2375500 or email justask@harvestfinacial.ie.