NextEnergy Solar Fund
NextEnergy Solar Fund (Ticker: FTSE 250 : NESF) Limited is a closed-ended investment company, it is one of the largest solar funds on the UK stock exchange.
Founded in 2007, the solar fund has since built and installed solar assets exceeding £1.050 billion.
As of June 2025, the group’s portfolio comprises of 101 assets across nine geographies, with 90 solar assets located in the United Kingdom. Additionally, there are eight assets in Italy (a map of the Italy assets is available at the end of this page). Spain and Portugal each have one asset, totalling 937 megawatt capacity.
In the final quarter of 2021, NextEnergy Solar Fund made a £50 million investment in NextPower III, an International Solar Investment Fund, which added 30 megawatts to NESF’s installed capacity.
The Solar Trust’s small investment represents a 6% stake in NextPower III, which holds over 173 assets across eight geographies. These assets are primarily located in the Americas, parts of Europe such as Poland and Greece, as well as the aforementioned locations and India.
Since the initial public offering (IPO), the groups’ power generation capacity has surpassed 5.8 terawatt hours.
NextEnergy Solar Fund is a relatively new addition to the Self-Invested Personal Pension (SIPP). As shares in real estate investment trusts (REITs) have been a generally under appreciated sector due to higher interest rates during the 2023/25 period, we have increased our holdings, acquiring stocks at significantly below their net asset values (NAVs).
The portfolio’s objective is to maintain an equal allocation of shares in both solar and wind renewable energy sectors, enabling us to compare income levels while gaining access to more comprehensive comparative data and analysis. This approach will assist us in addressing pertinent questions, such as the comparative advantages of wind and solar energy.
A component of our strategy is to prioritise investments with enhanced environmental, social, and governance (ESG) credentials. For individuals seeking ethically sound investments, this portfolio represents a comprehensive approach to green power generation, which aligns with the rationale for its inclusion in the SIPP.
An investor factsheet is available for your reference by clicking here.
Next Energy Solar Fund Dividends
NextEngergy Solar Fund distributes a quarterly dividend in the months of March, June, September, and December annually.
As we aspire to gradually shift the portfolio towards more ethical investments, while maintaining its focus on dividend growth, we believe we have identified a single solar stock with promising potential for income growth in the foreseeable future.
Our primary objective of the portfolio is to compound dividend income while pursuing financial independence and early retirement. The inaugural quarterly dividend for the 2025/26 period remains unchanged at £0.0210 per share, resulting in an annualised dividend of £0.0843 per share.
For research purposes, the annual dividends for the past five years are presented below:
– 2025: £0.0843
– 2024: £0.0835
– 2023: £0.0752
– 2022: £0.0717
– 2021: £0.0705
Basic stock fundamentals are:
Dividend yield is 13.47% (30.09.22)
Estimated NAV is 91.76 pence (30.09.25)
The total income received from the investment in Next Energy Solar Fund over the five-year period is £2,075.98.
As indicated in the attached file, the initial two quarterly dividend payments were calculated based on a shareholding of 400 units. However, over the course of the 2022/23 financial year, we substantially increased our holdings to 8,000 shares, which corresponds to the volume of wind generation.
Further dividend analysis can be viewed in the file below:
Website Disclaimer:
Please remember that all investments can rise and fall in value, therefore you may get back less then you originally invested.
This website or webpage is not a suggestion to purchase or invest in any stocks / equities and is presented purely for research analysis.
Should you be unsure of any investment whether it be purchasing shares or equities directly, funds or investment trackers, you should seek independent financial advice from a qualified financial advisor.
