NextEnergy Solar Fund has reported a drop in net asset value (NV) per share in its latest quarterly update.
The fund, with a combined installed power capacity of 865MW, reported NAV per ordinary share of 120.9p for the period ending 31 December 2022, compared with 122.9p for the period ending 30 September 2022.
Ordinary shareholders’ NAV stood at £713m for the period ending 31 December, compared with £724.7m for the previous quarterly period.
The fund’s total installed capacity remained the same, at 865MW as of 31 December 2022, consisting of 99 operating solar assets.
Portfolio generation outperformance reached +6.2% against budget for nine months ended 31 December 2022, compared with +0.4%, reported in the nine months ending 31 December 2021, translating into additional revenues of £5.4m.