1、Annual Reportfor the year ended 31 March 2021 Generating a more sustainable futureOur ObjectivesInvestment ObjectiveTo provide ordinary shareholders with attractive risk-adjusted returns,principally in the form of regular dividends,by investing in a diversified portfolio of primarily UK-based solar
2、energy infrastructure assets.Strategic ObjectivesInvestment Expand the portfolio in line with the Companys Investment Policy.Demonstrate our leadership in the UK solar market and achieve superior technical and operational performance.Maintain our pricing discipline in relation to acquisitions.Operat
3、ional Optimise the value of our investments through effective portfolio and asset management.Consistently achieve operational outperformance of the portfolio attributable to effective asset management(Asset Management Alpha).Environmental Participate in climate change mitigation,enhance local biodiv
4、ersity where our assets are located,and contribute towards a zero carbon and sustainable future.Society Positively impact both the communities in which our solar assets are located and wider stakeholders.Governance To act in a manner consistent with our values of integrity,fairness and transparency.
5、Maintain strong and constructive relationships with our shareholders and other key stakeholders.PREMIUM MAIN MARKET1GOVERNANCEFINANCIAL STATEMENTSADDITIONAL INFORMATIONOVERVIEWSTRATEGIC REPORTAnnual report for the year ended 31 March 2021 NEXTENERGY SOLAR FUND LIMITEDOrdinary shareholders NAVas at 3
6、1 March 2021581m(31 March 2020:579m)NAV per ordinary shareas at 31 March 202198.9p(31 March 2020:99.0p)Financial debt gearing as at 31 March 2021124%(31 March 2020:22%)Dividends per ordinary share for the year ended 31 March 20217.05p(31 March 2020:6.87p)Cash dividend cover(pre-scripdividends)for th