Capital at risk: The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Investment Objective

NESF's investment objective is to provide ordinary shareholders with attractive risk‑adjusted returns, principally in the form of regular dividends, through a diversified portfolio of solar energy infrastructure assets and complementary technologies, such as energy storage.

Investment Strategy

NextEnergy Solar Fund seeks to own a broad range of large scale solar energy infrastructure assets, but may invest up to 10% of GAV in standalone energy storage systems and is looking to increase this up to 25%. NextEnergy Solar Fund seeks to enhance the returns from their assets through pro-active effective asset management, including rigorously controlling costs, delivering operational efficiencies, extending their useful lives and executing short and medium-term electricity sales hedges to mitigate power price risk.

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Management Team

Ross Grier – COO & Head of UK Investments

Ross oversees and is a member of the investment committee for the listed fund NextEnergy Solar Fund (NESF) and NextPower UK ESG, a private fund focused on unsubsidised UK solar and storage.

Ross began his career working as an analyst at ExxonMobil. He has worked across the business spectrum from SME and start-up businesses, to FTSE 250 and government organizations. Extensive experience in programme process and change management across a variety of subject matters and organisations, from automotive to renewable energy sectors

Stephen Rosser – Investment Director & UK Legal Counsel

Stephen joined NextEnergy Capital in 2022 focusing on UK M&A, portfolio development and management of regulatory and legal risk.

Previously General Counsel & Company Secretary of Good Energy Group plc and Legal Director at Centrica/British Gas, Stephen has broad experience across the UK energy sector and has been particularly focused on clean technologies and renewable generation since 2010. Prior to joining NextEnergy Capital, Stephen worked as a consultant advising firms on strategic risk management, energy regulation and corporate power purchase agreements.

Stephen is a qualified solicitor and began his M&A career at international firm Eversheds (now Eversheds Sutherland) in 2002.

Michael Bonte-Friedheim – Group CEO & Founding Partner

Michael founded NextEnergy Capital in 2007. Prior to this, he was a managing director in the European Energy & Power Team in the European Investment Banking Department of Goldman Sachs. He held similar roles earlier in this career at Morgan Stanley and Credit Suisse First Boston in London.

Michael is a member of the Investment Committees of NextPower III, NextPower II and NextEnergy Solar Fund.

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