New Energy Solar (NEW) 2019年年度报告「ASX」.pdf

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1、ANNUAL REPORT31 December 2019Consisting of:New Energy Solar Limited ACN 609 396 983New Energy Solar Fund ARSN 609 154 298Renewable energy.Sustainable investments.CONTENTSChairmans Letter.iBusiness Highlights.viiInvestment Managers Report.xiiCorporate Governance Statement.1Directors Report.12Auditors

2、 Independence Declaration.29Financial Statements.31Statement of Profit or Loss and Other Comprehensive Income.32Statement of Financial Position.33Statement of Changes in Equity.34Statement of Cash Flows.37Notes to the Financial Statements.39Directors Declaration.87Independent Auditors Report.88Stock

3、 Exchange Information.92Additional Disclosures.95Directory.97Annual ReportNEW ENERGY SOLARNC-47 aerial view June 2017NC-31 south side aerial view March 2017 Chairmans LetteriOn behalf of New Energy Solar Limited and Walsh&Company Investments Limited(Responsible Entity or Walsh&Company),it is our ple

4、asure to present the Annual Report for New Energy Solar1(NEW or the Business)for the year ended 31 December 2019.During the year to 31 December 2019 NEWs portfolio became fully operational.From the initial public offering(IPO)of the Business at the end of 2017,NEW now has 16 utility-scale solar plan

5、ts operating in the United States and Australia(the Portfolio).Accordingly,NEW begins 2020 with a 772 megawatt(MWDC)Portfolio expected to generate over 1.5 terawatt hours(TWh)in the next 12 months.NEW is well-positioned in the transition to renewable energy technology and supportive of increasing aw

6、areness of the impacts of climate change through its operations while delivering stable returns to investors.Key milestones achieved by NEW during 2019 included:Successfully completing three solar plants and increasing the Portfolios generation capacity by 70%.Generating over 1TWh2 of renewable powe