NextEnergy Solar Fund Ltd (LON:NESF) today released results for the year to the end of March 2017, showing a 6.5% rise in net asset value (NAV) per share over the period to GBP 1.049.
The London-listed solar fund said the increase was aided by factors including operating outperformance and a rise in power price forecasts.
NAV at the end of the period was GBP 478.6 million (USD 612.6m/EUR 540.8m), compared to GBP 273.8 million at the end of March 2016.
During the year, the company's portfolio produced 394 GWh of electricity, 3.3% above budget, in spite of solar irradiation being 0.3% below NESF's expectations.
The fund currently has a portfolio of 48 solar plants, totalling 483 MW of capacity in operation.
(GBP 1 = USD 1.280/EUR 1.130)
Choose your newsletter by Renewables Now. Join for free!
You have run out of free articles this month. Get more for free
EDF unit buys UK solar installer SAS Energy to grow C&I presence
Iona Capital exits UK C&I solar specialist Shawton Energy
Schroders Greencoat, Innova JV buys 22.6-MWp solar project in UK
Ethical Power gets loan for 192 MW of UK solar, storage projects
Ørsted enters 740-MW solar project in UK
Atrato to pay GBP 77m for 34-MW UK rooftop solar portfolio
Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.