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Community investment in NextEnergy Solar Fund

We’re delighted to announce a strategic investment of £250,000 into NextEnergy Solar Fund (“NESF”), a leading specialist solar energy and energy storage investment company with a mission to lead the transition to clean energy through solar power.

Members of the community steering group and BD Giving staff are all wearing high-vis jackets and hard hats. They're standing in an empty field on a cloudy day, waving at the camera. Everyone looks happy.
The investment was made from BD Giving’s community impact fund
FundA way for people to combine their money and invest together.
, the UK’s first community-led impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
 investment vehicle. BD Giving’s community steering group
Community Steering Group (CSG) A group of local people who give their time and ideas to make Barking & Dagenham Giving’s community-led investment fund a success, now and for future generations.
 selected NESF as the ideal investment to promote the UK’s net-zero transition and clean energy goals given its large operating solar asset base throughout the UK.

The investment policy
Investment Policy A strategic document that outlines how an organisation will manage their investment assets (the “Portfolio”), with often a set of financial (and sometimes impact) objectives and boundaries.
 for the Fund aims to achieve a balance between impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
, risk
Risk When you invest money there is always a chance that you won’t get the return you expected. Weighing that up is important before investing.
 and return
Return The amount of money you expect to get back from an investment, usually as a percentage gained over a set period of time.
.

A Community Steering Group, made up of twelve residents of Barking and Dagenham, made the investment decision. NESF was a natural fit for the Fund’s investment policy, demonstrating to Barking and Dagenham residents the forward-thinking approach of the BD Giving team as they work towards a net-zero future.

NESF has a portfolio of 92 operating solar assets in the UK with a total combined installed power capacity of 933MW. This generates enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year. NextEnergy Solar Fund also leads many environmental, social and governance (ESG) initiatives and benefits for the communities in which it establishes solar sites. Find out more about these initiatives on NESF’s website.

Peter Hamid, Vice President at NextEnergy Capital commented:

“We are delighted that NextEnergy Solar Fund has been selected as the second investment for the UK’s first community-led impact investment vehicle for the people of Barking and Dagenham. This investment shows that renewable energy, climate change and the challenges of Net Zero are relevant to every type of investor in the UK. We look forward to working closely with the borough to further their ambitions, and welcome further educational site visits to our solar farms for the community of Barking & Dagenham soon.”

 

Kasang Kajang, Barking and Dagenham resident and former Community Steering Group member, said:

"Our investment in NESF represents our interest in a Net Zero future in the borough and beyond. We look forward to seeing the positive impact of NESF’s work on communities across the UK and will continue supporting NESF through its transformative initiatives that will inevitably reach Barking and Dagenham.”

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We’re delighted to announce a strategic investment of £250,000 into NextEnergy Solar Fund (“NESF”), a leading specialist solar energy and energy storage investment company with a mission to lead the transition to clean energy through solar power.

Members of the community steering group and BD Giving staff are all wearing high-vis jackets and hard hats. They're standing in an empty field on a cloudy day, waving at the camera. Everyone looks happy.
The investment was made from BD Giving’s community impact fund
FundA way for people to combine their money and invest together.
, the UK’s first community-led impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
 investment vehicle. BD Giving’s community steering group
Community Steering Group (CSG) A group of local people who give their time and ideas to make Barking & Dagenham Giving’s community-led investment fund a success, now and for future generations.
 selected NESF as the ideal investment to promote the UK’s net-zero transition and clean energy goals given its large operating solar asset base throughout the UK.

The investment policy
Investment Policy A strategic document that outlines how an organisation will manage their investment assets (the “Portfolio”), with often a set of financial (and sometimes impact) objectives and boundaries.
 for the Fund aims to achieve a balance between impact
Impact Means the changes to the world we expect to see because of an investment. This could be numbers of people helped, the amount of change or the creation of things that make the world better. This is not exclusive to investment or finance.
, risk
Risk When you invest money there is always a chance that you won’t get the return you expected. Weighing that up is important before investing.
 and return
Return The amount of money you expect to get back from an investment, usually as a percentage gained over a set period of time.
.

A Community Steering Group, made up of twelve residents of Barking and Dagenham, made the investment decision. NESF was a natural fit for the Fund’s investment policy, demonstrating to Barking and Dagenham residents the forward-thinking approach of the BD Giving team as they work towards a net-zero future.

NESF has a portfolio of 92 operating solar assets in the UK with a total combined installed power capacity of 933MW. This generates enough renewable energy to power the equivalent of c.242,000 average UK home electricity needs for an entire year. NextEnergy Solar Fund also leads many environmental, social and governance (ESG) initiatives and benefits for the communities in which it establishes solar sites. Find out more about these initiatives on NESF’s website.

Peter Hamid, Vice President at NextEnergy Capital commented:

“We are delighted that NextEnergy Solar Fund has been selected as the second investment for the UK’s first community-led impact investment vehicle for the people of Barking and Dagenham. This investment shows that renewable energy, climate change and the challenges of Net Zero are relevant to every type of investor in the UK. We look forward to working closely with the borough to further their ambitions, and welcome further educational site visits to our solar farms for the community of Barking & Dagenham soon.”

 

Kasang Kajang, Barking and Dagenham resident and former Community Steering Group member, said:

"Our investment in NESF represents our interest in a Net Zero future in the borough and beyond. We look forward to seeing the positive impact of NESF’s work on communities across the UK and will continue supporting NESF through its transformative initiatives that will inevitably reach Barking and Dagenham.”

Barking and Dagenham Giving
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